Ameriprise Financial Inc. Purchases 20,018 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Ameriprise Financial Inc. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387,916 shares of the investment management company's stock after purchasing an additional 20,018 shares during the period. Ameriprise Financial Inc. owned about 0.45% of The Goldman Sachs Group worth $795,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 15.2% in the 3rd quarter. World Investment Advisors LLC now owns 4,185 shares of the investment management company's stock valued at $2,072,000 after acquiring an additional 552 shares during the last quarter. Franklin Resources Inc. grew its holdings in The Goldman Sachs Group by 3.9% during the third quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company's stock worth $898,428,000 after acquiring an additional 62,246 shares during the period. Principal Financial Group Inc. grew its position in The Goldman Sachs Group by 2.1% in the third quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company's stock worth $180,357,000 after buying an additional 7,644 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of The Goldman Sachs Group by 104.0% in the 4th quarter. Versant Capital Management Inc now owns 561 shares of the investment management company's stock valued at $321,000 after purchasing an additional 286 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of The Goldman Sachs Group by 30.3% during the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company's stock valued at $122,453,000 after acquiring an additional 49,710 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of several research analyst reports. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. UBS Group raised their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Evercore ISI dropped their price target on shares of 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, Wells Fargo & Company dropped their price objective on 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. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $593.40.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

GS traded down $10.08 during trading on Tuesday, reaching $549.48. 2,899,985 shares of the company's stock were exchanged, compared to its average volume of 2,376,262. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The business has a 50 day moving average price of $538.36 and a 200 day moving average price of $575.48. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The company has a market capitalization of $171.46 billion, a P/E ratio of 13.55, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the firm earned $11.58 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed 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. This represents a $12.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.