Modern Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 940 shares of the investment management company's stock, valued at approximately $538,000.
Other hedge funds have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. raised its holdings in The Goldman Sachs Group by 10.9% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after purchasing an additional 16 shares during the period. Ledyard National Bank lifted its holdings in The Goldman Sachs Group by 3.4% during the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock worth $378,000 after purchasing an additional 16 shares in the last quarter. Pointe Capital Management LLC raised its position in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after purchasing an additional 16 shares during the last quarter. Finally, Genesee Capital Advisors LLC lifted its position in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock valued at $1,024,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company's stock.
The Goldman Sachs Group Stock Down 0.1 %
NYSE GS traded down $0.66 during trading hours on Monday, hitting $542.46. 1,020,081 shares of the company were exchanged, compared to its average volume of 2,274,644. 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 has a market cap of $169.27 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.89 and a beta of 1.37. The company has a 50 day moving average of $608.15 and a two-hundred day moving average of $572.36. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same quarter last year, the company earned $5.48 earnings per share. The firm's revenue was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.21%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 29.59%.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Citigroup cut their price target on 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 downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Morgan Stanley reduced their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $590.60.
View Our Latest Analysis on The Goldman Sachs Group
Insider Activity at The Goldman Sachs Group
In other news, Director Kevin R. Johnson acquired 2,400 shares of the company's stock in a transaction on Friday, January 17th. The shares were bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Carey Halio sold 3,640 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now directly owns 4,552 shares of the company's stock, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last quarter. 0.55% of the stock is owned by insiders.
About The Goldman Sachs Group
(
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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