The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Raised by Allworth Financial LP

Allworth Financial LP increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,345 shares of the investment management company's stock after purchasing an additional 579 shares during the quarter. Allworth Financial LP's holdings in The Goldman Sachs Group were worth $3,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $29,000. DT Investment Partners LLC boosted its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock worth $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group in the 3rd quarter worth about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in The Goldman Sachs Group in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 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 $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now owns 608,425 shares in the company, valued at $372,404,774. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 in the last three months. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 2.6 %

The Goldman Sachs Group stock traded down $16.56 during midday trading on Friday, hitting $625.70. 2,996,182 shares of the company were exchanged, compared to its average volume of 2,555,497. The company's fifty day moving average price is $611.58 and its 200-day moving average price is $557.71. The company has a market cap of $195.24 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. 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, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for 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 period in the previous year, the company posted $5.48 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.92%. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Analyst Ratings Changes

A number of analysts have issued reports on GS shares. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an "overweight" rating in a research note on Wednesday. Hsbc Global Res lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Oppenheimer reduced their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley lifted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and an average price target of $593.56.

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.