UniSuper Management Pty Ltd Buys 2,366 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

UniSuper Management Pty Ltd boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,278 shares of the investment management company’s stock after purchasing an additional 2,366 shares during the period. UniSuper Management Pty Ltd’s holdings in The Goldman Sachs Group were worth $56,276,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the fourth quarter worth about $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $34,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 2.1 %

The Goldman Sachs Group stock opened at $573.37 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The firm’s 50 day moving average price is $610.88 and its 200-day moving average price is $570.63. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $178.91 billion, a P/E ratio of 14.14, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results 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 company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the company posted $5.48 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 dividend on an annualized basis and a dividend yield of 2.09%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GS. Morgan Stanley cut their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $593.27.

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.