Nilsine Partners LLC Increases Stake in Goldman Sachs Group

Nilsine Partners LLC has significantly boosted its investment in The Goldman Sachs Group, Inc. (NYSE:GS) by 56.6% during the fourth quarter. This information was disclosed in the firm's latest 13F filing with the SEC. Following this increase, Nilsine Partners now holds 5,079 shares of Goldman Sachs, having purchased an additional 1,835 shares throughout the quarter. The total value of its holdings in the investment management company stands at approximately $2,908,000 at the end of the last quarter.

Changes in Stake by Other Investors

A number of other hedge funds have also adjusted their positions in Goldman Sachs stock recently. For instance, Susquehanna Fundamental Investments LLC acquired a new stake in the company in the second quarter, estimated to be worth around $1,040,000. Furthermore, Ascent Group LLC expanded its investment by 34.0% in the same quarter, resulting in ownership of 1,477 shares now valued at $668,000 after acquiring an extra 375 shares. Other notable changes include Creative Planning, which increased its holdings by 6.7%, owning 74,446 shares valued at $33,674,000, and Magnolia Capital Advisors LLC, which raised its position by 159.8%, now holding 3,991 shares worth $1,805,000.

Current Market Performance of Goldman Sachs Group

As of the latest trading session, Goldman Sachs Group shares opened at $632.13. The company has a market cap of $198.43 billion, a price-to-earnings (PE) ratio of 15.59, and a P/E growth (P/E/G) ratio of 0.88. Additional financial metrics include a current ratio of 0.67, a quick ratio of 0.67, and a debt-to-equity ratio of 2.32. Their stock has demonstrated a 50-day moving average price of $591.21 and a 200-day moving average price of $536.52. Over the past year, the stock has fluctuated, reaching a low of $374.24 and a high of $645.54.

Recent Earnings Report

The Goldman Sachs Group recently released its quarterly earnings on January 15. The firm indicated earnings per share (EPS) of $11.95, surpassing analyst expectations, which estimated the EPS to be $8.21. The company reported a net margin of 11.32% along with a return on equity of 13.30%. The reported revenue for the quarter stood at $13.87 billion, exceeding the consensus estimate of $12.36 billion and marking a 22.5% year-over-year increase from the same period last year. Analysts project that The Goldman Sachs Group, Inc. will achieve an EPS of 46.81 for the current fiscal year.

Dividend Announcement

Goldman Sachs Group also announced a quarterly dividend to be paid on March 28. Shareholders on record as of February 28 will receive a dividend of $3.00 per share, which annualizes to $12.00 and offers a dividend yield of 1.90%. The company has a dividend payout ratio of 29.59%.

Insider Transactions

In related news, Treasurer Carey Halio conducted a transaction on January 21, selling 1,545 shares at an average price of $624.67, totaling approximately $965,115. Subsequently, Halio holds 8,192 shares valued at around $5,117,296.64 which reflects a decrease in ownership by 15.87%. In another instance, insider Kathryn H. Ruemmler sold 7,498 shares at an average price of $634.69, yielding about $4,758,905.62, which resulted in a 43.88% reduction in her stake. Over the past three months, insiders have sold a combined total of 32,017 shares valued at $19,655,538, representing a 0.54% ownership of the company.investment, stake, earnings