Versant Capital Management Inc Acquires 286 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Versant Capital Management Inc grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 104.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 561 shares of the investment management company’s stock after acquiring an additional 286 shares during the period. Versant Capital Management Inc’s holdings in The Goldman Sachs Group were worth $321,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its stake in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares in the last quarter. Fisher Asset Management LLC raised its stake in The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after acquiring an additional 161,133 shares in the last quarter. FMR LLC lifted its stake in shares of The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares during the period. Legal & General Group Plc boosted its holdings in The Goldman Sachs Group by 2.9% in the second quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock valued at $1,257,602,000 after acquiring an additional 77,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in The Goldman Sachs Group by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock valued at $957,684,000 after purchasing an additional 68,141 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,940 shares of company stock worth $13,717,979. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GS. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays lifted their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley increased their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Oppenheimer dropped their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $558.38.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $580.13 on Friday. The company has a market cap of $182.11 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. 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, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73. The business has a 50 day moving average price of $576.91 and a 200-day moving average price of $519.89.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same period in the prior year, the firm posted $5.47 EPS. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 2nd were given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

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.