D.A. Davidson & CO. Acquires 8,056 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

D.A. Davidson & CO. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,642 shares of the investment management company's stock after acquiring an additional 8,056 shares during the quarter. D.A. Davidson & CO.'s holdings in The Goldman Sachs Group were worth $26,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. CIBC Asset Management Inc increased its position in shares of The Goldman Sachs Group by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 57,769 shares of the investment management company's stock valued at $33,080,000 after acquiring an additional 1,289 shares during the period. Pittenger & Anderson Inc. increased its holdings in The Goldman Sachs Group by 79.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 15,394 shares of the investment management company's stock valued at $8,815,000 after purchasing an additional 6,792 shares during the period. Highview Capital Management LLC DE increased its holdings in The Goldman Sachs Group by 4.7% during the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after purchasing an additional 171 shares during the period. Sanctuary Advisors LLC raised its position in The Goldman Sachs Group by 16.3% during the 4th quarter. Sanctuary Advisors LLC now owns 74,001 shares of the investment management company's stock valued at $42,374,000 after purchasing an additional 10,392 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in The Goldman Sachs Group by 210.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the investment management company's stock worth $208,000 after buying an additional 246 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction dated 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 approximately $5,117,296.64. This trade represents 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 three months. Insiders own 0.54% of the company's stock.

The Goldman Sachs Group Stock Down 2.6 %

The Goldman Sachs Group stock traded down $16.56 during mid-day trading on Friday, hitting $625.70. The company had a trading volume of 2,996,182 shares, compared to its average volume of 2,555,497. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock's 50 day moving average price is $611.58 and its two-hundred day moving average price is $557.71. The company has a market capitalization of $195.24 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.48 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an "overweight" rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Barclays raised 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 report on Thursday, January 16th. Finally, Hsbc Global Res downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently 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.