Legacy Solutions LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 504 shares of the investment management company's stock, valued at approximately $289,000.
Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the fourth quarter worth $29,000. DT Investment Partners LLC raised its holdings in The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock worth $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 71.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Barclays lifted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Hsbc Global Res lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an "overweight" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Moderate Buy" and a consensus price target of $593.56.
Check Out Our Latest Research Report on GS
The Goldman Sachs Group Stock Down 2.6 %
Shares of NYSE:GS traded down $16.56 during midday trading on Friday, hitting $625.70. The stock had a trading volume of 2,996,182 shares, compared to its average volume of 2,555,497. The business's 50-day simple moving average is $611.58 and its 200-day simple moving average is $557.71. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19. The company has a market cap of $195.24 billion, a P/E ratio of 15.43, a PEG ratio of 0.93 and a beta of 1.39. 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 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 EPS for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the business earned $5.48 EPS. The Goldman Sachs Group's quarterly revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is 29.59%.
Insiders Place Their Bets
In other news, CAO Sheara J. Fredman sold 2,034 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now owns 8,192 shares of the company's stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 in the last 90 days. Company insiders own 0.54% of the company's stock.
The Goldman Sachs Group Profile
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Free Report)
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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