Tocqueville Asset Management L.P. Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Tocqueville Asset Management L.P. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 96.3% in the 4th quarter, HoldingsChannel reports. The firm owned 32,868 shares of the investment management company’s stock after purchasing an additional 16,125 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in The Goldman Sachs Group were worth $18,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB boosted its holdings in shares of 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 acquiring an additional 13,730 shares during the last quarter. Atlanta Consulting Group Advisors LLC boosted its holdings in The Goldman Sachs Group by 5.6% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 1,199 shares of the investment management company’s stock valued at $594,000 after purchasing an additional 64 shares during the last quarter. Claro Advisors LLC grew its position in The Goldman Sachs Group by 21.3% during the 3rd quarter. Claro Advisors LLC now owns 849 shares of the investment management company’s stock worth $420,000 after purchasing an additional 149 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of The Goldman Sachs Group by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,380 shares of the investment management company’s stock valued at $7,615,000 after buying an additional 818 shares during the last quarter. Finally, TrinityPoint Wealth LLC lifted its holdings in shares of The Goldman Sachs Group by 0.7% in the 3rd quarter. TrinityPoint Wealth LLC now owns 5,178 shares of the investment management company’s stock valued at $2,564,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the transaction, the director now owns 2,400 shares in the company, valued at $1,485,648. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was 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. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $551.60 on Tuesday. The stock has a market capitalization of $172.12 billion, a P/E ratio of 13.60, a PEG ratio of 0.89 and a beta of 1.37. The business has a 50 day simple moving average of $612.14 and a two-hundred day simple moving average of $567.52. The Goldman Sachs Group, Inc. has a 12 month low of $383.41 and a 12 month high of $672.19. 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 posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 period in the prior year, the company earned $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.18%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Analyst Ratings Changes

GS has been the subject of several recent research reports. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $594.27.

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.