GAMMA Investing LLC Invests $805,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

GAMMA Investing LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, HoldingsChannel reports. The fund bought 2,097 shares of the investment management company’s stock, valued at approximately $805,000.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in shares of The Goldman Sachs Group by 3.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the investment management company’s stock valued at $638,000 after buying an additional 48 shares during the period. SlateStone Wealth LLC lifted its holdings in shares of The Goldman Sachs Group by 4.4% in the fourth quarter. SlateStone Wealth LLC now owns 6,589 shares of the investment management company’s stock valued at $2,542,000 after buying an additional 275 shares during the period. PDS Planning Inc lifted its holdings in shares of The Goldman Sachs Group by 6.4% in the fourth quarter. PDS Planning Inc now owns 1,110 shares of the investment management company’s stock valued at $428,000 after buying an additional 67 shares during the period. California Public Employees Retirement System lifted its holdings in shares of The Goldman Sachs Group by 13.4% in the fourth quarter. California Public Employees Retirement System now owns 732,698 shares of the investment management company’s stock valued at $282,653,000 after buying an additional 86,772 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of The Goldman Sachs Group by 0.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 111,410 shares of the investment management company’s stock valued at $42,979,000 after purchasing an additional 970 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a report on Tuesday, April 16th. UBS Group increased their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Bank of America upped their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Stock Up 1.5 %

Shares of The Goldman Sachs Group stock traded up $6.37 during trading on Tuesday, reaching $423.72. The stock had a trading volume of 2,661,822 shares, compared to its average volume of 2,402,420. The company has a market capitalization of $137.51 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.30 and a beta of 1.43. The stock has a fifty day moving average price of $396.92 and a two-hundred day moving average price of $367.80. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $425.35. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.79 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

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.