Alpine Woods Capital Investors LLC Purchases New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Alpine Woods Capital Investors LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,000 shares of the investment management company’s stock, valued at approximately $2,290,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC grew its stake in The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after acquiring an additional 7,475,140 shares during the period. Fisher Asset Management LLC boosted its stake in The Goldman Sachs Group by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after purchasing an additional 112,696 shares during the last quarter. FMR LLC boosted its stake 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 purchasing an additional 521,054 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in The Goldman Sachs Group by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock worth $1,109,081,000 after purchasing an additional 22,794 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in The Goldman Sachs Group by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after purchasing an additional 18,541 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 over the last three months. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 2.1 %

Shares of GS opened at $524.24 on Friday. The firm has a market cap of $163.58 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $383.41 and a 12-month high of $672.19. The company’s 50-day moving average price is $613.55 and its 200 day moving average price is $566.13. 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) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.48 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.29%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Morgan Stanley lowered their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup lifted 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 research note on Thursday, November 21st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Finally, UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $584.00.

The Goldman Sachs Group 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.