First Manhattan CO. LLC. Acquires 1,464 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

First Manhattan CO. LLC. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 66.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,677 shares of the investment management company's stock after purchasing an additional 1,464 shares during the period. First Manhattan CO. LLC.'s holdings in The Goldman Sachs Group were worth $2,106,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fiduciary Trust Co lifted its holdings in The Goldman Sachs Group by 5.6% in the 4th quarter. Fiduciary Trust Co now owns 29,499 shares of the investment management company's stock valued at $16,892,000 after acquiring an additional 1,573 shares during the last quarter. Fred Alger Management LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $32,664,000. Chescapmanager LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at about $11,452,000. Circle Wealth Management LLC lifted its stake in The Goldman Sachs Group by 0.6% during the fourth quarter. Circle Wealth Management LLC now owns 23,418 shares of the investment management company's stock valued at $13,410,000 after buying an additional 130 shares in the last quarter. Finally, Clark Capital Management Group Inc. lifted its stake in The Goldman Sachs Group by 0.9% during the fourth quarter. Clark Capital Management Group Inc. now owns 170,096 shares of the investment management company's stock valued at $97,400,000 after buying an additional 1,523 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Up 0.2%

NYSE:GS traded up $1.41 during mid-day trading on Friday, reaching $567.11. The stock had a trading volume of 1,522,482 shares, compared to its average volume of 2,373,270. The business's 50 day moving average is $535.92 and its 200 day moving average is $576.75. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The stock has a market cap of $174.01 billion, a P/E ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 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 firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the company posted $11.58 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.12%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. 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. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research note on Friday, April 4th. Evercore ISI reduced their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Barclays reduced their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Citigroup dropped their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and a consensus target price 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.