Marest Capital LLC Has $1.85 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Marest Capital LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,221 shares of the investment management company’s stock after purchasing an additional 33 shares during the period. The Goldman Sachs Group comprises about 1.5% of Marest Capital LLC’s investment portfolio, making the stock its 7th largest position. Marest Capital LLC’s holdings in The Goldman Sachs Group were worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in GS. Mizuho Securities USA LLC grew its position in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares in the last quarter. FMR LLC grew its holdings in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares in the last quarter. Janus Henderson Group PLC increased its position in The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after purchasing an additional 251,972 shares during the period. Congress Asset Management Co. raised its holdings in shares of The Goldman Sachs Group by 829.0% in the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after purchasing an additional 232,297 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of The Goldman Sachs Group by 265.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock worth $123,035,000 after purchasing an additional 180,500 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,865 shares of company stock worth $25,286,862. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $645.77 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50-day moving average of $594.34 and a two-hundred day moving average of $539.40. The stock has a market cap of $200.48 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.89 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $375.20 and a one year high of $649.52.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.86%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analysts Forecast Growth

GS has been the topic of several research reports. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Bank of America boosted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer dropped their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. UBS Group boosted their target price 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. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

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.