Norges Bank Acquires Shares of 2,903,593 The Goldman Sachs Group, Inc. (NYSE:GS)

Norges Bank acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,903,593 shares of the investment management company's stock, valued at approximately $1,120,119,000. Norges Bank owned approximately 0.89% of The Goldman Sachs Group at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GS. First United Bank & Trust acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $32,000. Truvestments Capital LLC boosted its stake in shares of The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company's stock worth $31,000 after buying an additional 44 shares during the period. Signature Resources Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company's stock, valued at approximately $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company's stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,330 shares of company stock valued at $11,713,578. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GS. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 16th. Oppenheimer increased their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an "outperform" rating in a report on Tuesday, April 30th. Royal Bank of Canada increased their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a "hold" rating to a "buy" rating and set a $465.00 price target for the company in a report on Tuesday, April 16th. Finally, HSBC increased their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $440.57.

The Goldman Sachs Group Trading Up 0.7 %

Shares of GS traded up $3.20 during mid-day trading on Friday, reaching $467.72. The company had a trading volume of 1,656,079 shares, compared to its average volume of 2,269,545. The stock has a market cap of $150.82 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40. The firm has a fifty day simple moving average of $417.71 and a 200-day simple moving average of $386.20. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $468.66. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the business earned $8.79 EPS. The Goldman Sachs Group's revenue for the quarter was up 16.1% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.71 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 42.95%.

The Goldman Sachs Group Profile

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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