Polar Capital Holdings Plc Buys 14,483 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Polar Capital Holdings Plc increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 68.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,549 shares of the investment management company's stock after buying an additional 14,483 shares during the period. Polar Capital Holdings Plc's holdings in The Goldman Sachs Group were worth $20,356,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $30,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $34,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Up 0.7%

Shares of GS stock opened at $615.69 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm's 50 day moving average is $539.36 and its 200 day moving average is $578.37. The stock has a market capitalization of $188.92 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.89 and a beta of 1.32.

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 the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the company posted $11.58 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 annualized dividend and a yield of 1.95%. The Goldman Sachs Group's payout ratio is presently 27.85%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were acquired 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 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GS. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 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 company an "equal weight" rating in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and an average target price of $593.40.

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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