Mosley Wealth Management Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Mosley Wealth Management purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,324 shares of the investment management company's stock, valued at approximately $758,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $34,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $605.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Citigroup lowered their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $593.27.

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The Goldman Sachs Group Price Performance

Shares of GS traded up $6.06 during midday trading on Tuesday, reaching $586.16. The stock had a trading volume of 1,716,695 shares, compared to its average volume of 2,239,391. The firm's 50 day moving average price is $611.24 and its 200-day moving average price is $569.86. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The company has a market capitalization of $182.90 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group's revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.48 EPS. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Insider Buying and Selling

In other news, Director Kevin R. Johnson purchased 2,400 shares of the business's stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares of the company's stock, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares of the company's stock, valued at $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 in the last three months. 0.54% of the stock is currently owned by insiders.

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.