The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Concord Asset Management LLC VA

Concord Asset Management LLC VA lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,799 shares of the investment management company's stock after purchasing an additional 455 shares during the quarter. Concord Asset Management LLC VA's holdings in The Goldman Sachs Group were worth $2,748,000 at the end of the most recent reporting period.

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

The Goldman Sachs Group Stock Up 0.2 %

Shares of The Goldman Sachs Group stock traded up $1.49 during trading hours on Tuesday, reaching $633.86. 1,210,371 shares of the company were exchanged, compared to its average volume of 2,565,676. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $650.00. The firm has a market cap of $196.78 billion, a PE ratio of 15.63, a PEG ratio of 0.89 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 stock's fifty day moving average is $596.65 and its 200 day moving average is $542.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $12.36 billion. During the same quarter last year, the business posted $5.48 EPS. The business's quarterly revenue was up 22.5% compared to the same quarter last year. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. 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 presently 29.59%.

Insider Activity

In related news, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the treasurer now directly owns 8,192 shares of the company's stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm's 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 approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,865 shares of company stock worth $25,286,862. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Barclays lifted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, JMP Securities increased their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $591.06.

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.