B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Buys New Holdings in Goldman Sachs Group Inc (GS)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in shares of Goldman Sachs Group Inc (NYSE:GS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 780 shares of the investment management company’s stock, valued at approximately $175,000.

Several other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Goldman Sachs Group by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,316,799 shares of the investment management company’s stock valued at $743,759,000 after acquiring an additional 53,563 shares during the last quarter. FDx Advisors Inc. raised its holdings in Goldman Sachs Group by 137.4% in the 3rd quarter. FDx Advisors Inc. now owns 4,487 shares of the investment management company’s stock valued at $1,006,000 after acquiring an additional 2,597 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Goldman Sachs Group by 166.1% in the 3rd quarter. GSA Capital Partners LLP now owns 8,532 shares of the investment management company’s stock valued at $1,913,000 after acquiring an additional 5,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Goldman Sachs Group by 28.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,203 shares of the investment management company’s stock valued at $4,982,000 after acquiring an additional 4,911 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Goldman Sachs Group by 16.9% in the 3rd quarter. William Blair Investment Management LLC now owns 208,165 shares of the investment management company’s stock valued at $46,679,000 after acquiring an additional 30,032 shares during the last quarter. 70.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:GS traded down $1.99 during mid-day trading on Friday, reaching $205.91. 2,874,292 shares of the company were exchanged, compared to its average volume of 3,319,491. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.92 and a current ratio of 0.86. The stock has a market capitalization of $75.52 billion, a P/E ratio of 8.15, a PEG ratio of 1.32 and a beta of 1.22. Goldman Sachs Group Inc has a 1 year low of $151.70 and a 1 year high of $256.16.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $5.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.97. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.35%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted $6.95 EPS. Research analysts forecast that Goldman Sachs Group Inc will post 23.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.

GS has been the subject of several analyst reports. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Wells Fargo & Co reissued a “buy” rating and issued a $250.00 price target (up previously from $235.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 16th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $235.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, April 16th. Morgan Stanley dropped their price target on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Finally, Barclays reissued an “equal weight” rating and issued a $247.00 price target (down previously from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $239.91.

In related news, EVP Dane E. Holmes sold 1,489 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.41% of the company’s stock.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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