Kazazian Asset Management LLC Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Kazazian Asset Management LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,300 shares of the investment management company’s stock, valued at approximately $744,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Generali Investments Management Co LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $4,799,000. Vinva Investment Management Ltd grew its holdings in The Goldman Sachs Group by 2.1% during the 4th quarter. Vinva Investment Management Ltd now owns 15,212 shares of the investment management company’s stock valued at $8,725,000 after buying an additional 310 shares in the last quarter. Brooklyn FI LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $844,000. OPTIMAS CAPITAL Ltd purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $1,832,000. Finally, Intech Investment Management LLC grew its holdings in The Goldman Sachs Group by 291.6% during the 4th quarter. Intech Investment Management LLC now owns 81,202 shares of the investment management company’s stock valued at $46,498,000 after buying an additional 60,464 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $551.86 on Wednesday. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $383.71 and a fifty-two week high of $672.19. The stock has a 50 day moving average price of $611.58 and a two-hundred day moving average price of $567.82. The company has a market capitalization of $172.20 billion, a P/E ratio of 13.61, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was up 22.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Shareholders 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 annualized dividend and a yield of 2.17%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Analysts Set New Price Targets

GS has been the subject of a number of recent analyst reports. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Citigroup boosted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $594.27.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Company 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.