Cibc World Market Inc. Has $161.99 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Cibc World Market Inc. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 66.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,900 shares of the investment management company’s stock after acquiring an additional 112,935 shares during the quarter. Cibc World Market Inc.’s holdings in The Goldman Sachs Group were worth $161,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $1,040,000. Advisory Alpha LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $200,000. Strategic Investment Solutions Inc. IL acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $104,000. Sanctuary Advisors LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $15,155,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in The Goldman Sachs Group by 116.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 437 shares of the investment management company’s stock worth $198,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 1.3 %

GS stock opened at $645.77 on Friday. 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 company has a fifty day moving average price of $594.34 and a two-hundred day moving average price of $539.40. The Goldman Sachs Group, Inc. has a one year low of $375.20 and a one year high of $649.52. The stock has a market cap of $200.48 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.48 earnings per share. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.86%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup raised their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America boosted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $591.06.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,865 shares of company stock valued at $25,286,862. 0.54% of the stock is owned by company insiders.

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.