The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Morse Asset Management Inc

Morse Asset Management Inc lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 264.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,709 shares of the investment management company's stock after buying an additional 4,868 shares during the quarter. Morse Asset Management Inc's holdings in The Goldman Sachs Group were worth $3,842,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of The Goldman Sachs Group by 5.8% during the 4th quarter. Czech National Bank now owns 68,062 shares of the investment management company's stock valued at $38,974,000 after buying an additional 3,731 shares during the last quarter. City Center Advisors LLC raised its holdings in The Goldman Sachs Group by 93.6% in the fourth quarter. City Center Advisors LLC now owns 790 shares of the investment management company's stock valued at $452,000 after acquiring an additional 382 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in The Goldman Sachs Group by 53.3% during the 4th quarter. Fiduciary Alliance LLC now owns 1,269 shares of the investment management company's stock valued at $727,000 after acquiring an additional 441 shares during the last quarter. CHICAGO TRUST Co NA increased its position in shares of The Goldman Sachs Group by 3.6% in the 4th quarter. CHICAGO TRUST Co NA now owns 953 shares of the investment management company's stock worth $546,000 after purchasing an additional 33 shares during the last quarter. Finally, Asset Allocation & Management Company LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $322,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS traded up $4.09 during mid-day trading on Thursday, reaching $615.69. 2,426,811 shares of the company's stock traded hands, compared to its average volume of 2,384,651. 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 business's 50-day moving average price is $537.68 and its 200-day moving average price is $577.73. The stock has a market capitalization of $188.92 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.95%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Analyst Ratings Changes

Several analysts recently weighed in on GS shares. UBS Group boosted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Evercore ISI lowered their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada dropped their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $593.40.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.

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.