Lansforsakringar Fondforvaltning AB publ Has $91.24 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 114,569 shares of the investment management company’s stock after purchasing an additional 2,126 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in The Goldman Sachs Group were worth $91,237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Harbor Capital Advisors Inc. acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at $28,000. Corundum Trust Company INC bought a new position in The Goldman Sachs Group during the third quarter worth $29,000. Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at $31,000. Finally, Elevation Wealth Partners LLC raised its position in shares of The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 20 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.6%

Shares of GS stock opened at $922.03 on Friday. The stock has a market cap of $276.54 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The stock has a 50 day simple moving average of $922.42 and a 200 day simple moving average of $830.81.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.95 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 13,151 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the transaction, the executive vice president directly owned 39,007 shares in the company, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 4,863 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the sale, the chief accounting officer directly owned 10,301 shares of the company’s stock, valued at approximately $9,515,548.75. This trade represents a 32.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 117,283 shares of company stock worth $112,016,033. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GS. UBS Group reaffirmed a “neutral” rating and set a $990.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, February 4th. BNP Paribas Exane boosted their price objective on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Barclays lifted their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Argus upped their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $916.86.

View Our Latest Stock Report on GS

Key Headlines Impacting The Goldman Sachs Group

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The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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