Caisse DE Depot ET Placement DU Quebec Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,553 shares of the investment management company's stock after buying an additional 7,366 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.07% of The Goldman Sachs Group worth $133,164,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have issued reports on GS. Evercore ISI reduced their price objective 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. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Royal Bank of Canada decreased their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company lowered their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped 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 research note on Thursday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Price Performance

GS traded down $6.82 during midday trading on Tuesday, hitting $552.74. 1,462,714 shares of the company traded hands, compared to its average volume of 2,368,865. The business has a 50 day simple moving average of $539.53 and a two-hundred day simple moving average of $575.66. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a market capitalization of $172.48 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.89 and a beta of 1.32. 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 (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.30% and a net margin of 11.32%. The company 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 firm posted $11.58 EPS. On average, equities analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.17%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Company 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.