OMERS ADMINISTRATION Corp Has $11.21 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

OMERS ADMINISTRATION Corp lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,577 shares of the investment management company's stock after selling 1,759 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in The Goldman Sachs Group were worth $11,210,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Czech National Bank boosted its holdings in 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 worth $38,974,000 after acquiring an additional 3,731 shares during the last quarter. City Center Advisors LLC boosted its holdings in The Goldman Sachs Group by 93.6% during the 4th quarter. City Center Advisors LLC now owns 790 shares of the investment management company's stock worth $452,000 after acquiring an additional 382 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings 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 worth $727,000 after acquiring an additional 441 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in The Goldman Sachs Group by 3.6% during the 4th quarter. CHICAGO TRUST Co NA now owns 953 shares of the investment management company's stock worth $546,000 after acquiring an additional 33 shares during the last quarter. Finally, Asset Allocation & Management Company LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $322,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Up 4.3%

Shares of The Goldman Sachs Group stock opened at $591.31 on Tuesday. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The stock's 50-day simple moving average is $535.87 and its 200 day simple moving average is $577.30. The stock has a market capitalization of $181.44 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.89 and a beta of 1.32. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the previous year, the business posted $11.58 EPS. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Analyst Ratings Changes

A number of equities analysts have issued reports on GS shares. 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 cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Evercore ISI lowered their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Finally, Citigroup lowered their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $593.40.

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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