Everstar Asset Management LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Everstar Asset Management LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 684 shares of the investment management company’s stock after buying an additional 91 shares during the period. Everstar Asset Management LLC’s holdings in The Goldman Sachs Group were worth $392,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $206,000. Hantz Financial Services Inc. boosted its stake in The Goldman Sachs Group by 1,240.2% during the third quarter. Hantz Financial Services Inc. now owns 4,771 shares of the investment management company’s stock worth $2,362,000 after buying an additional 4,415 shares during the period. Icon Wealth Advisors LLC increased its position in The Goldman Sachs Group by 35.8% during the third quarter. Icon Wealth Advisors LLC now owns 482 shares of the investment management company’s stock valued at $239,000 after acquiring an additional 127 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of The Goldman Sachs Group by 3.6% in the third quarter. Captrust Financial Advisors now owns 44,067 shares of the investment management company’s stock valued at $21,818,000 after acquiring an additional 1,522 shares during the period. Finally, Acropolis Investment Management LLC lifted its holdings in shares of The Goldman Sachs Group by 41.3% in the 3rd quarter. Acropolis Investment Management LLC now owns 342 shares of the investment management company’s stock worth $169,000 after acquiring an additional 100 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 2.8 %

GS opened at $543.04 on Monday. 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 firm has a market cap of $169.45 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19. The stock has a fifty day moving average price of $608.15 and a 200-day moving average price of $572.36.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. 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 previous year, the company posted $5.48 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. As a group, equities research analysts anticipate 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 was paid on Friday, March 28th. Investors of record on Friday, February 28th were given a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.21%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired 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 owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Citigroup reduced their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $590.60.

The Goldman Sachs Group 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.