Meiji Yasuda Life Insurance Co increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.2% during the fourth quarter, according to its recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,996 shares after purchasing an additional 1,000 shares. The holdings were valued at $14,313,000 at the end of the reporting period.
Other institutional investors also adjusted their stakes in The Goldman Sachs Group. Asset Management One Co. Ltd. increased its stake by 2.5%, now owning 224,148 shares worth $129,144,000. Baxter Bros Inc. grew its stake by 1.0%, owning 15,506 shares valued at $8,879,000. Erste Asset Management GmbH increased its holdings by 5.9%, now owning 5,743 shares worth $3,309,000. Franklin Street Advisors Inc. raised its position by 8.1%, owning 38,304 shares worth $21,934,000. Atlas Legacy Advisors LLC established a new position worth approximately $356,000.
The Goldman Sachs Group’s stock performance includes a 52-week low of $428.17 and a high of $672.19. The company reported earnings per share of $14.12 for the quarter ending April 14, beating analysts’ estimates of $12.57. The company also announced a quarterly dividend of $3.00, payable on June 27th to investors of record on May 30th.
Analyst ratings for The Goldman Sachs Group vary, with thirteen analysts rating the stock as ‘hold’ and six assigning a ‘buy’ rating. The average target price is $593.40. Recent insider activity includes Director John B. Hess acquiring 3,904 shares at an average price of $511.68.
The Goldman Sachs Group provides financial services globally through its various segments. Institutional investors hold 71.21% of the company’s stock. The stock opened at $554.95 on Friday, with a market capitalization of $173.17 billion.
