Orion Portfolio Solutions LLC Has $8.17 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Orion Portfolio Solutions LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,265 shares of the investment management company's stock after purchasing an additional 1,335 shares during the period. Orion Portfolio Solutions LLC's holdings in The Goldman Sachs Group were worth $8,168,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth $1,603,315,000. Raymond James Financial Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $624,844,000. Proficio Capital Partners LLC increased its stake in The Goldman Sachs Group by 14,007.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after purchasing an additional 1,052,204 shares in the last quarter. Ieq Capital LLC raised its holdings in The Goldman Sachs Group by 1,400.8% during the 4th quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company's stock worth $239,982,000 after buying an additional 391,170 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company's stock valued at $205,403,000 after buying an additional 251,972 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

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Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Up 2.7 %

Shares of The Goldman Sachs Group stock traded up $14.55 during midday trading on Wednesday, reaching $563.00. 867,151 shares of the company's stock traded hands, compared to its average volume of 2,690,694. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The company's 50 day simple moving average is $604.83 and its 200 day simple moving average is $573.37. The company has a market cap of $175.68 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the company posted $5.48 EPS. The firm's revenue was up 22.5% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal 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 paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. 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 report on Tuesday, March 25th. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average price target of $591.87.

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.