Alyeska Investment Group L.P. Invests $20.26 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

by · The Markets Daily

Alyeska Investment Group L.P. acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 35,387 shares of the investment management company’s stock, valued at approximately $20,263,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $34,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 2.3 %

Shares of GS opened at $566.78 on Monday. The firm has a fifty day simple moving average of $540.70 and a two-hundred day simple moving average of $575.44. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The stock has a market capitalization of $176.86 billion, a P/E ratio of 13.98, a PEG ratio of 0.89 and a beta of 1.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.12%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GS shares. Evercore ISI cut their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Citigroup reduced their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $593.40.

View Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Company Profile

(Free Report)

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.

See Also

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