Foster Group Inc. Acquires Stake in The Goldman Sachs Group, Inc.

Foster Group Inc. has made a significant move by purchasing a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter. This investment was officially disclosed to the Securities and Exchange Commission. Foster Group acquired 442 shares of Goldman Sachs, which is valued at approximately $253,000.

Recent Institutional Investor Movements

A variety of other institutional investors and hedge funds have also been adjusting their stakes in Goldman Sachs. Notably, Mizuho Securities USA LLC dramatically increased its holding by an astonishing 30,068.9% in the third quarter, now owning 7,500,000 shares valued at about $3.71 billion after acquiring an extra 7,475,140 shares. Additionally, Fisher Asset Management LLC grew its stake by 2.7%, bringing its total to 6,042,640 shares worth around $2.99 billion after adding 161,133 shares.

Furthermore, FMR LLC boosted its position by 21.9%, acquiring an additional 521,054 shares to reach a total of 2,898,637 shares valued at approximately $1.44 billion. UBS AM, a branch of UBS Asset Management Americas LLC, raised its shares by 1.1%, bringing its total to 1,707,632 shares, valued at roughly $845 million. Lastly, Franklin Resources Inc. increased its stake by 3.9%, currently holding 1,660,088 shares worth about $898 million.

In summary, 71.21% of Goldman Sachs shares are now owned by hedge funds and other institutional investors, indicating a robust level of institutional confidence in the company.

Analysts' Predictions for Growth

Recent commentary from several research analysts suggests positive outlooks for Goldman Sachs shares. JMP Securities raised its price target from $525.00 to $550.00, rating the stock as a "market outperform". Meanwhile, Citigroup also increased its target price from $485.00 to $585.00 and assigned a "neutral" rating. Evercore ISI and UBS Group made similar adjustments, lifting their targets significantly and maintaining optimistic ratings.

Currently, the stock has received eight hold ratings and twelve buy ratings, leading to an overall consensus rating of "Moderate Buy" with a target price of $591.06 as reported by MarketBeat.com.

Insider Transactions

In recent insider activities, CAO Sheara J. Fredman sold 2,974 shares of Goldman Sachs on November 6 at an average price of $594.51, totaling nearly $1.77 million. Following this transaction, Fredman retains ownership of 8,489 shares valued at approximately $5 million. Another insider, Treasurer Carey Halio, sold 1,545 shares on January 21 at an average price of $624.67, amounting to about $965,000. After this sale, Halio owns 8,192 shares, valued at roughly $5.12 million. Over the last three months, insiders have sold 35,657 shares valued at around $22 million, with company insiders owning 0.54% of the total shares.

The Goldman Sachs Group Price Overview

Goldman Sachs shares opened at $637.71 recently. The stock has a 50-day moving average of $592.09 and a 200-day moving average of $537.59. The company's shares hit a 12-month low of $374.24 and a high of $645.54, reflecting its volatility. With a market cap of $200.18 billion, a P/E ratio of 15.73, and a price-to-earnings-growth ratio of 0.88, the company continues to attract investor interest.

The latest quarterly earnings report released on January 15 showed that Goldman Sachs reported earnings of $11.95 per share, far exceeding the expected $8.21, and revenues increased to $13.87 billion compared to expectations of $12.36 billion, representing a growth of 22.5% year-over-year.

Goldman Sachs Dividend Announcement

Goldman Sachs has also recently declared a quarterly dividend of $3.00, payable on March 28 to shareholders of record by February 28. This represents an annualized dividend of $12.00 and a yield of 1.88%. The dividend payout ratio currently stands at 29.59%.

Company Overview

The Goldman Sachs Group, Inc. is a comprehensive financial institution providing various services to corporations, financial institutions, and individuals around the globe. Its operations extend through several segments, including Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The investment management arm focuses on financial advisory, lending, and structured financing solutions.

The recent activities surrounding The Goldman Sachs Group highlight dynamic shifts in institutional investment and robust analyst support, presenting intriguing opportunities for future market participants.

Foster, Goldman, Investment