K.J. Harrison & Partners Inc Purchases New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

K.J. Harrison & Partners Inc acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,233 shares of the investment management company’s stock, valued at approximately $3,176,000.

Other large investors have also modified their holdings of the company. First Fiduciary Investment Counsel Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $5,159,000. Syon Capital LLC boosted its holdings in shares of The Goldman Sachs Group by 19.1% in the fourth quarter. Syon Capital LLC now owns 5,135 shares of the investment management company’s stock valued at $1,981,000 after acquiring an additional 824 shares during the period. Lyell Wealth Management LP purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $209,000. Bailard Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $212,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in The Goldman Sachs Group by 5.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,366 shares of the investment management company’s stock valued at $2,842,000 after purchasing an additional 364 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on GS shares. Bank of America lifted their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Barclays upped their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Oppenheimer lifted their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $7.32 during trading on Friday, hitting $427.37. 2,322,454 shares of the stock were exchanged, compared to its average volume of 2,385,898. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $428.53. The company has a market cap of $138.69 billion, a PE ratio of 16.69, a P/E/G ratio of 1.36 and a beta of 1.43. The company has a fifty day moving average price of $400.27 and a two-hundred day moving average price of $370.11. 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 posted its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the previous year, the business earned $8.79 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.57%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insiders Place Their Bets

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a filing with the SEC, which is available through this link. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

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.