Leigh Baldwin & CO. LLC Takes $12.43 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Leigh Baldwin & CO. LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 216,993 shares of the investment management company's stock, valued at approximately $12,426,000. Leigh Baldwin & CO. LLC owned approximately 0.07% of The Goldman Sachs Group at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GS. Norges Bank purchased a new stake in The Goldman Sachs Group during the fourth quarter worth about $1,603,315,000. Castlekeep Investment Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth $944,334,000. Raymond James Financial Inc. bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $624,844,000. Proficio Capital Partners LLC grew its holdings in The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after acquiring an additional 1,052,204 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in The Goldman Sachs Group by 214.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company's stock worth $741,018,000 after acquiring an additional 882,099 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $567.11 on Monday. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $174.01 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.32. The firm has a fifty day moving average of $535.92 and a two-hundred day moving average of $576.75.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter last year, the business earned $11.58 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays dropped their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. UBS Group lifted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $593.40.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.55% of the company's stock.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.

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