GeoWealth Management LLC Buys 1,906 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

GeoWealth Management LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,532 shares of the investment management company's stock after purchasing an additional 1,906 shares during the quarter. GeoWealth Management LLC's holdings in The Goldman Sachs Group were worth $3,740,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in The Goldman Sachs Group by 2.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock worth $129,144,000 after purchasing an additional 5,541 shares in the last quarter. Baxter Bros Inc. boosted its holdings in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after buying an additional 151 shares during the period. Erste Asset Management GmbH increased its position in shares of The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after acquiring an additional 320 shares in the last quarter. Franklin Street Advisors Inc. NC raised its holdings in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock worth $21,934,000 after acquiring an additional 2,863 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth $356,000. Institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the 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 sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock worth $12,630,683. Corporate insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays reduced their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup reduced their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $10.78 during trading on Friday, reaching $509.83. 2,587,774 shares of the company's stock were exchanged, compared to its average volume of 2,374,915. 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 firm's fifty day moving average price is $561.96 and its 200-day moving average price is $572.80. The Goldman Sachs Group, Inc. has a twelve month low of $404.57 and a twelve month high of $672.19. The stock has a market capitalization of $159.09 billion, a PE ratio of 12.57, a PEG ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the firm earned $11.58 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 27.85%.

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.