Exencial Wealth Advisors LLC Purchases 873 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Exencial Wealth Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 92.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,817 shares of the investment management company's stock after acquiring an additional 873 shares during the period. Exencial Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $34,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $37,000. Finally, Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter worth $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GS. 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 research note on Thursday, January 16th. Wells Fargo & Company reiterated an "overweight" rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. 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. 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. Finally, HSBC downgraded shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and lifted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $591.69.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares of the company's stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 over the last ninety days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $594.05 on Thursday. The stock has a 50-day simple moving average of $617.59 and a 200 day simple moving average of $564.89. 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 Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The stock has a market capitalization of $185.37 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business posted $5.48 earnings per share. The firm's revenue for the quarter was up 22.5% compared to the same quarter last year. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.02%. The Goldman Sachs Group's dividend payout ratio is 29.59%.

About The Goldman Sachs Group

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.

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