Atlas Legacy Advisors LLC Buys Shares of 622 The Goldman Sachs Group, Inc. (NYSE:GS)

Atlas Legacy Advisors LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 622 shares of the investment management company's stock, valued at approximately $356,000.

Other hedge funds have also made changes to their positions in the company. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. DT Investment Partners LLC boosted its holdings in The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the third quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new position in The Goldman Sachs Group in the third quarter valued at $38,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 2.4 %

Shares of NYSE GS traded down $15.20 during midday trading on Friday, reaching $627.06. 1,731,630 shares of the company's stock were exchanged, compared to its average volume of 2,513,055. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The stock has a market capitalization of $195.67 billion, a PE ratio of 15.45, 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 quick ratio of 0.67 and a current ratio of 0.67. The business's fifty day moving average price is $610.78 and its two-hundred day moving average price is $556.55.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company's stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 over the last three months. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GS shares. Citigroup lifted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a "neutral" rating in a report on Thursday, November 21st. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. UBS Group lifted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $680.00 to $720.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Hsbc Global Res cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $593.56.

The Goldman Sachs Group Company 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.