Concord Wealth Partners Purchases 578 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Concord Wealth Partners raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,746 shares of the investment management company's stock after purchasing an additional 578 shares during the quarter. Concord Wealth Partners' holdings in The Goldman Sachs Group were worth $2,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC grew its holdings in The Goldman Sachs Group by 10.0% in the 2nd quarter. Anchor Investment Management LLC now owns 3,277 shares of the investment management company's stock valued at $1,482,000 after buying an additional 298 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of The Goldman Sachs Group by 0.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 12,465 shares of the investment management company's stock valued at $6,172,000 after acquiring an additional 33 shares during the period. Czech National Bank increased its position in The Goldman Sachs Group by 4.7% during the third quarter. Czech National Bank now owns 64,331 shares of the investment management company's stock worth $31,851,000 after acquiring an additional 2,882 shares during the period. Delta Financial Group Inc. raised its stake in The Goldman Sachs Group by 10.4% in the 3rd quarter. Delta Financial Group Inc. now owns 1,069 shares of the investment management company's stock worth $529,000 after purchasing an additional 101 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in The Goldman Sachs Group by 27.5% in the 3rd quarter. Harbor Investment Advisory LLC now owns 3,072 shares of the investment management company's stock valued at $1,521,000 after purchasing an additional 662 shares during the period. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. JMP Securities upped their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. HSBC cut The Goldman Sachs Group from a "buy" rating to a "hold" rating and raised their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Barclays upped their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Evercore ISI raised their target price 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $591.06.

The Goldman Sachs Group Trading Up 0.3 %

Shares of GS stock traded up $2.11 during mid-day trading on Tuesday, reaching $634.48. 1,385,171 shares of the stock traded hands, compared to its average volume of 2,567,911. The company 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 quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock's fifty day simple moving average is $596.65 and its two-hundred day simple moving average is $542.74. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $650.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for 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 company's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's payout ratio is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,865 shares of company stock worth $25,286,862. Insiders own 0.57% of the company's stock.

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.