Lakewood Capital Management LP Buys Shares of 817,000 Goldman Sachs Group Inc (GS)

Lakewood Capital Management LP bought a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 817,000 shares of the investment management company’s stock, valued at approximately $136,480,000. Goldman Sachs Group accounts for about 4.5% of Lakewood Capital Management LP’s investment portfolio, making the stock its 7th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Caxton Associates LP grew its position in shares of Goldman Sachs Group by 126.7% during the 4th quarter. Caxton Associates LP now owns 5,195 shares of the investment management company’s stock worth $868,000 after buying an additional 24,686 shares during the period. RPg Family Wealth Advisory LLC grew its position in shares of Goldman Sachs Group by 1,136.4% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 1,360 shares of the investment management company’s stock worth $227,000 after buying an additional 1,250 shares during the period. HRS Investment Holdings LLC grew its position in shares of Goldman Sachs Group by 60.0% during the 4th quarter. HRS Investment Holdings LLC now owns 20,000 shares of the investment management company’s stock worth $3,341,000 after buying an additional 7,500 shares during the period. Change Path LLC acquired a new stake in shares of Goldman Sachs Group during the 4th quarter worth approximately $288,000. Finally, QS Investors LLC grew its position in shares of Goldman Sachs Group by 14.8% during the 4th quarter. QS Investors LLC now owns 7,735 shares of the investment management company’s stock worth $1,293,000 after buying an additional 1,000 shares during the period. 68.39% of the stock is owned by institutional investors and hedge funds.

NYSE GS opened at $198.26 on Friday. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $269.85. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $72.72 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.84%. The business had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.48 billion. During the same quarter last year, the firm posted $5.68 EPS. Goldman Sachs Group’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Goldman Sachs Group Inc will post 23.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 28th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, February 27th. Goldman Sachs Group’s payout ratio is currently 12.66%.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dane E. Holmes sold 1,489 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. ValuEngine downgraded shares of Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. Finally, Morgan Stanley reduced their price objective on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $255.54.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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