Nippon Life Global Investors Americas Inc. Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Nippon Life Global Investors Americas Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 93.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,770 shares of the investment management company's stock after acquiring an additional 12,450 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in The Goldman Sachs Group were worth $14,756,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GS. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth about $30,000. Transce3nd LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Down 0.1 %

NYSE GS traded down $0.42 on Friday, hitting $544.95. The company's stock had a trading volume of 1,611,879 shares, compared to its average volume of 2,372,956. 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 Goldman Sachs Group, Inc. has a 52-week low of $419.64 and a 52-week high of $672.19. The firm has a market cap of $170.05 billion, a P/E ratio of 13.44, a PEG ratio of 0.89 and a beta of 1.33. The company's 50-day simple moving average is $548.95 and its 200 day simple moving average is $573.46.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the firm earned $11.58 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup reduced their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. 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 for the company in a report on Thursday, April 3rd. Barclays cut their target price on 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. JMP Securities dropped their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

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.