450 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 450 shares of the investment management company’s stock, valued at approximately $258,000. The Goldman Sachs Group comprises 3.9% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 9th biggest position.

A number of other institutional investors have also recently made changes to their positions in the stock. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth $34,000. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GS. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. 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 research note on Tuesday, January 21st. Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $593.27.

The Goldman Sachs Group Stock Up 1.0 %

Shares of NYSE:GS opened at $586.16 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 52-week low of $387.12 and a 52-week high of $672.19. The firm has a market capitalization of $182.90 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.37. The stock has a 50 day moving average price of $611.53 and a 200-day moving average price of $570.61.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.48 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insiders Place Their Bets

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by company 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.