Lourd Capital LLC Acquires New Position in Goldman Sachs Group Inc (GS)

Lourd Capital LLC purchased a new stake in Goldman Sachs Group Inc (NYSE:GS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,079 shares of the investment management company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Janus Henderson Group PLC lifted its stake in Goldman Sachs Group by 4,096.0% in the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after buying an additional 2,416,970 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Goldman Sachs Group by 47.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after buying an additional 1,152,869 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Goldman Sachs Group by 1,654.0% in the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after buying an additional 975,690 shares during the last quarter. Jennison Associates LLC lifted its stake in Goldman Sachs Group by 15.1% in the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after buying an additional 727,698 shares during the last quarter. Finally, Capital World Investors lifted its stake in Goldman Sachs Group by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after buying an additional 726,582 shares during the last quarter. 73.28% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs Group Inc (NYSE GS) opened at $253.16 on Tuesday. The stock has a market capitalization of $95,490.00, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $273.79.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.08 earnings per share. equities analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is 34.60%.

A number of equities research analysts have weighed in on the company. Bank of America reiterated a “buy” rating and issued a $300.00 price objective (up previously from $249.30) on shares of Goldman Sachs Group in a research note on Monday. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price target for the company in a research note on Thursday, February 8th. Morgan Stanley upped their price target on Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Co restated an “outperform” rating and set a $320.00 price target on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $260.00 price target on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $256.75.

In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 20,794 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider R. Martin Chavez sold 11,829 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total value of $3,066,313.38. The disclosure for this sale can be found here. Insiders sold 167,843 shares of company stock worth $41,855,427 in the last three months. 2.57% of the stock is owned by corporate insiders.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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