Boussard & Gavaudan Investment Management LLP Purchases Shares of 28,646 The Goldman Sachs Group, Inc. (NYSE:GS)

Boussard & Gavaudan Investment Management LLP acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,646 shares of the investment management company’s stock, valued at approximately $16,430,000. The Goldman Sachs Group accounts for about 1.4% of Boussard & Gavaudan Investment Management LLP’s holdings, making the stock its 25th biggest position.

Several other hedge funds also recently modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $3,960,000. Easterly Investment Partners LLC increased its stake in The Goldman Sachs Group by 1.7% during the 4th quarter. Easterly Investment Partners LLC now owns 19,554 shares of the investment management company’s stock valued at $11,197,000 after purchasing an additional 333 shares in the last quarter. Norges Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $1,603,315,000. Blair William & Co. IL grew its holdings in shares of The Goldman Sachs Group by 8.4% during the fourth quarter. Blair William & Co. IL now owns 155,915 shares of the investment management company’s stock valued at $89,280,000 after buying an additional 12,091 shares during the last quarter. Finally, LM Advisors LLC increased its position in shares of The Goldman Sachs Group by 5.9% during the fourth quarter. LM Advisors LLC now owns 3,572 shares of the investment management company’s stock worth $2,045,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. UBS Group boosted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut their price objective 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. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $593.27.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction that occurred 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 directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, 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 Price Performance

The Goldman Sachs Group stock opened at $559.47 on Friday. 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 stock has a market cap of $174.58 billion, a P/E ratio of 13.80, a PEG ratio of 0.89 and a beta of 1.37. The company has a 50-day moving average price of $609.83 and a 200 day moving average price of $570.55. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19.

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 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the company earned $5.48 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.14%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.