Bluesphere Advisors LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Bluesphere Advisors LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 70.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,528 shares of the investment management company's stock after buying an additional 632 shares during the quarter. Bluesphere Advisors LLC's holdings in The Goldman Sachs Group were worth $875,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $30,000. DT Investment Partners LLC raised its stake in The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock worth $31,000 after acquiring an additional 33 shares during the period. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $34,000. Country Trust Bank bought a new position in shares of The Goldman Sachs Group in the third quarter worth approximately $37,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth $38,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Bank of America upped their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. UBS Group increased their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. HSBC downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating and lifted their target price for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Finally, Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $591.06.

The Goldman Sachs Group Trading Up 0.3 %

Shares of NYSE:GS traded up $2.11 during trading on Tuesday, hitting $634.48. The company had a trading volume of 1,743,131 shares, compared to its average volume of 2,593,334. The stock has a market cap of $196.97 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.89 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 company has a fifty day simple moving average of $596.65 and a two-hundred day simple moving average of $542.74. The Goldman Sachs Group, Inc. has a one year low of $375.20 and a one year high of $650.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly 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 company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the company earned $5.48 earnings per share. The Goldman Sachs Group's revenue was up 22.5% on a year-over-year basis. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,865 shares of company stock worth $25,286,862 in the last quarter. 0.57% of the stock is owned by company insiders.

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.