Golden State Equity Partners Has $918,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Golden State Equity Partners raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,604 shares of the investment management company's stock after purchasing an additional 586 shares during the period. Golden State Equity Partners' holdings in The Goldman Sachs Group were worth $918,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Genesee Capital Advisors LLC raised its holdings in The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after acquiring an additional 17 shares during the period. Waddell & Associates LLC grew its position in shares of The Goldman Sachs Group by 2.1% in the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company's stock valued at $444,000 after purchasing an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC increased its stake in shares of The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company's stock worth $1,346,000 after purchasing an additional 18 shares during the period. Bank of New Hampshire boosted its stake in The Goldman Sachs Group by 8.0% during the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company's stock valued at $139,000 after purchasing an additional 18 shares during the period. Finally, Marino Stram & Associates LLC grew its holdings in The Goldman Sachs Group by 4.2% in the 4th quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company's stock valued at $257,000 after buying an additional 18 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares of the company's stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,865 shares of company stock worth $25,286,862. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $2.11 during midday trading on Tuesday, reaching $634.48. 1,743,131 shares of the company traded hands, compared to its average volume of 2,593,334. The Goldman Sachs Group, Inc. has a 12 month low of $375.20 and a 12 month high of $650.00. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock's 50-day simple moving average is $596.65 and its 200-day simple moving average is $542.74. The firm has a market cap of $196.97 billion, a PE ratio of 15.65, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during 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 was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted $5.48 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's payout ratio is presently 29.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GS shares. HSBC lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating and upped their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Evercore ISI increased their price target 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. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Citigroup increased their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a "neutral" rating in a research note on Thursday, November 21st. Finally, Oppenheimer lowered their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $591.06.

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.