CFM Wealth Partners LLC Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

CFM Wealth Partners LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,951 shares of the investment management company's stock after acquiring an additional 468 shares during the period. CFM Wealth Partners LLC's holdings in The Goldman Sachs Group were worth $1,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. West Branch Capital LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $30,000. DT Investment Partners LLC grew its position 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 purchasing an additional 33 shares during the period. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Country Trust Bank bought a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $37,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $38,000. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company's stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,865 shares of company stock valued at $25,286,862 in the last three months. Company insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GS shares. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Citigroup lifted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a research note on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of "Moderate Buy" and a consensus target price of $591.06.

The Goldman Sachs Group Price Performance

GS stock traded up $2.11 during mid-day 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 company has a market capitalization of $196.97 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 12-month low of $375.20 and a 12-month high of $650.00. 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 50-day moving average price of $596.65 and a 200 day moving average price of $542.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same quarter in the previous year, the company earned $5.48 EPS. The business's quarterly revenue was up 22.5% compared to the same quarter last year. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.89%. 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.