Qsemble Capital Management LP Invests $2.23 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Qsemble Capital Management LP acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,771 shares of the investment management company’s stock, valued at approximately $2,226,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of The Goldman Sachs Group by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,021 shares of the investment management company’s stock worth $26,217,000 after buying an additional 1,370 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of The Goldman Sachs Group by 6.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,151 shares of the investment management company’s stock valued at $344,000 after purchasing an additional 73 shares during the period. Park Avenue Securities LLC purchased a new position in shares of The Goldman Sachs Group in the third quarter worth about $1,618,000. TIAA Trust National Association acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth about $2,075,000. Finally, Skylands Capital LLC purchased a new stake in The Goldman Sachs Group in the third quarter valued at approximately $324,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock worth $11,713,578 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GS shares. JMP Securities lifted their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target for the company in a report on Tuesday, April 16th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, Citigroup raised their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $440.57.

Check Out Our Latest Stock Report on GS

The Goldman Sachs Group Trading Down 0.2 %

Shares of NYSE:GS traded down $0.83 during trading on Friday, reaching $454.73. The stock had a trading volume of 1,823,943 shares, compared to its average volume of 2,744,462. The company has a quick ratio of 0.76, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a market cap of $146.63 billion, a P/E ratio of 17.76, a PEG ratio of 1.40 and a beta of 1.40. The business has a fifty day moving average price of $410.47 and a 200-day moving average price of $379.33. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $458.75.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the business earned $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 36.78 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.42%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

About The Goldman Sachs Group

(Free Report)

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.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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