Rakuten Securities Inc. Acquires 2,065 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Rakuten Securities Inc. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 65.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,235 shares of the investment management company’s stock after purchasing an additional 2,065 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.2% of Rakuten Securities Inc.’s investment portfolio, making the stock its 17th largest holding. Rakuten Securities Inc.’s holdings in The Goldman Sachs Group were worth $2,998,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Swedbank AB boosted its stake in The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in The Goldman Sachs Group by 1.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,199 shares of the investment management company’s stock valued at $1,088,000 after buying an additional 29 shares in the last quarter. Sigma Planning Corp boosted its stake in The Goldman Sachs Group by 0.5% in the 3rd quarter. Sigma Planning Corp now owns 4,605 shares of the investment management company’s stock valued at $2,280,000 after buying an additional 24 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at $828,000. Finally, Nations Financial Group Inc. IA ADV boosted its stake in The Goldman Sachs Group by 6.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 879 shares of the investment management company’s stock valued at $435,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. Oppenheimer reduced their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. 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 research note on Thursday, November 21st. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. 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 note on Tuesday, January 21st. Finally, 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 research note on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $591.69.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson acquired 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 0.0 %

Shares of The Goldman Sachs Group stock opened at $531.59 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $383.41 and a 1 year high of $672.19. The business has a 50-day moving average of $615.30 and a two-hundred day moving average of $566.64. The company has a market capitalization of $165.88 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The company 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 company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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 given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.26%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

About The Goldman Sachs Group

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.