National Pension Service Acquires 12,736 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

National Pension Service boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 572,183 shares of the investment management company’s stock after buying an additional 12,736 shares during the quarter. National Pension Service owned approximately 0.18% of The Goldman Sachs Group worth $220,731,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Cambridge Trust Co. boosted its holdings in The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares during the period. Truvestments Capital LLC raised its stake in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares during the period. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth about $32,000. Signature Resources Capital Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth about $39,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $42,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 1.0 %

Shares of NYSE GS traded up $4.64 during mid-day trading on Thursday, hitting $451.59. The stock had a trading volume of 1,155,904 shares, compared to its average volume of 2,349,250. The business has a 50 day moving average price of $406.72 and a two-hundred day moving average price of $377.23. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $453.50. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The firm has a market cap of $146.55 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the firm earned $8.79 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Citigroup raised their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $440.57.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 29,330 shares of company stock worth $11,713,578 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

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.