Integrated Wealth Concepts LLC Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Integrated Wealth Concepts LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,751 shares of the investment management company's stock after purchasing an additional 877 shares during the period. Integrated Wealth Concepts LLC's holdings in The Goldman Sachs Group were worth $9,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. lifted its holdings in shares of 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 valued at $129,144,000 after buying an additional 5,541 shares during the period. Baxter Bros Inc. lifted its holdings in 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 acquiring an additional 151 shares during the period. Erste Asset Management GmbH boosted its position in The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after purchasing an additional 320 shares during the last quarter. Franklin Street Advisors Inc. NC grew its stake in shares of The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock valued at $21,934,000 after purchasing an additional 2,863 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $356,000. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on GS. Evercore ISI reduced their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. UBS Group lifted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Barclays cut 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 note on Tuesday, April 15th. Finally, Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $593.40.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, 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 document filed with the SEC, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Up 0.3 %

Shares of GS traded up $1.88 during midday trading on Monday, hitting $546.74. The stock had a trading volume of 1,457,892 shares, compared to its average volume of 2,369,496. The Goldman Sachs Group, Inc. has a 1 year low of $425.19 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 stock's 50 day moving average is $548.95 and its 200 day moving average is $574.43. The firm has a market cap of $170.60 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $11.58 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.19%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

The Goldman Sachs Group Company 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.