Fox Run Management L.L.C. Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Fox Run Management L.L.C. purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,102 shares of the investment management company's stock, valued at approximately $631,000.

A number of other hedge funds have also bought and sold shares of the business. Meridian Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 8.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 1,268 shares of the investment management company's stock worth $628,000 after purchasing an additional 96 shares during the period. Nicolet Advisory Services LLC lifted its position in shares of The Goldman Sachs Group by 4.4% during the 3rd quarter. Nicolet Advisory Services LLC now owns 476 shares of the investment management company's stock valued at $231,000 after buying an additional 20 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of The Goldman Sachs Group by 32.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,758 shares of the investment management company's stock worth $1,860,000 after acquiring an additional 912 shares during the period. Kingsview Wealth Management LLC increased its holdings in The Goldman Sachs Group by 4.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,146 shares of the investment management company's stock worth $2,053,000 after acquiring an additional 170 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in The Goldman Sachs Group by 12.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,536 shares of the investment management company's stock valued at $761,000 after acquiring an additional 168 shares during the period. 71.21% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GS. Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Wells Fargo & Company reiterated an "overweight" rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. UBS Group increased their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $593.27.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares of the company's stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last three months. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Trading Up 1.0 %

The Goldman Sachs Group stock traded up $6.06 during mid-day trading on Tuesday, hitting $586.16. The company's stock had a trading volume of 1,874,499 shares, compared to its average volume of 2,241,621. The business has a 50 day moving average price of $611.24 and a 200-day moving average price of $569.86. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19. The stock has a market cap of $182.90 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.48 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.