Financial Counselors Inc. Purchases 634 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Financial Counselors Inc. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 25.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,119 shares of the investment management company's stock after buying an additional 634 shares during the quarter. Financial Counselors Inc.'s holdings in The Goldman Sachs Group were worth $1,786,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Stephens Consulting LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth about $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $30,000. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at $34,000. Finally, Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth $34,000. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of 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. In the last three months, insiders sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.55% of the company's stock.

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The Goldman Sachs Group Stock Down 0.1 %

GS traded down $0.66 on Monday, reaching $542.46. 1,020,081 shares of the company traded hands, compared to its average volume of 2,274,644. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $169.27 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.89 and a beta of 1.37. The stock's 50 day moving average price is $608.15 and its 200-day moving average price is $572.36.

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, 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 analyst estimates of $12.36 billion. During the same period in the previous year, the company earned $5.48 EPS. The firm's revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GS shares. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. UBS Group boosted their target price on 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 increased their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price objective on The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating on the stock in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus price target of $590.60.

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.