Centerpoint Advisors LLC Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Centerpoint Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 933.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 930 shares of the investment management company's stock after buying an additional 840 shares during the period. Centerpoint Advisors LLC's holdings in The Goldman Sachs Group were worth $533,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GS. Mizuho Securities USA LLC boosted its stake in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the period. FMR LLC boosted its stake in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock worth $1,435,144,000 after purchasing an additional 521,054 shares during the period. Janus Henderson Group PLC boosted its stake in shares of The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company's stock worth $205,403,000 after purchasing an additional 251,972 shares during the period. Congress Asset Management Co. boosted its position in The Goldman Sachs Group by 829.0% in the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company's stock valued at $128,886,000 after buying an additional 232,297 shares during the period. Finally, National Bank of Canada FI boosted its position in The Goldman Sachs Group by 45.9% in the 3rd quarter. National Bank of Canada FI now owns 544,178 shares of the investment management company's stock valued at $269,428,000 after buying an additional 171,071 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Down 2.6 %

Shares of NYSE GS traded down $16.56 during trading hours on Friday, hitting $625.70. 2,996,182 shares of the stock were exchanged, compared to its average volume of 2,555,497. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $195.24 billion, a PE ratio of 15.43, a PEG ratio of 0.93 and a beta of 1.39. The firm has a fifty day moving average price of $611.58 and a 200-day moving average price of $557.71. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group's revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.48 EPS. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GS shares. HSBC cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and boosted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a "neutral" rating in a research report on Thursday, November 21st. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.