Independent Advisor Alliance Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Independent Advisor Alliance boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 28.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,021 shares of the investment management company's stock after purchasing an additional 1,543 shares during the period. Independent Advisor Alliance's holdings in The Goldman Sachs Group were worth $4,020,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Johnson Investment Counsel Inc. increased its holdings in shares of The Goldman Sachs Group by 13.9% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,841 shares of the investment management company's stock valued at $2,199,000 after purchasing an additional 469 shares during the period. Gallagher Capital Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter valued at $262,000. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in The Goldman Sachs Group by 34.1% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 1,283 shares of the investment management company's stock valued at $735,000 after buying an additional 326 shares during the period. NBT Bank N A NY raised its position in The Goldman Sachs Group by 13.4% during the 4th quarter. NBT Bank N A NY now owns 8,455 shares of the investment management company's stock worth $4,842,000 after buying an additional 1,002 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its stake in shares of The Goldman Sachs Group by 12.5% in the 4th quarter. Simplicity Wealth LLC now owns 1,124 shares of the investment management company's stock worth $644,000 after acquiring an additional 125 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 0.0 %

Shares of The Goldman Sachs Group stock opened at $531.59 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $383.41 and a 1 year 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 business has a 50 day moving average price of $615.30 and a 200 day moving average price of $566.64. The company has a market capitalization of $165.88 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.89 and a beta of 1.37.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business's revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.48 earnings per share. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.26%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. Barclays boosted their price target 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. Morgan Stanley increased their target price on 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. Citigroup lifted their price target on 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. Hsbc Global Res cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $591.69.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction 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 approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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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