SevenBridge Financial Group LLC Buys 821 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

SevenBridge Financial Group LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,564 shares of the investment management company's stock after purchasing an additional 821 shares during the period. SevenBridge Financial Group LLC's holdings in The Goldman Sachs Group were worth $3,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Asset Management One Co. Ltd. increased its position 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 purchasing an additional 5,541 shares during the last quarter. Erste Asset Management GmbH raised 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 acquiring an additional 320 shares during the period. Franklin Street Advisors Inc. NC raised its position in The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock worth $21,934,000 after acquiring an additional 2,863 shares during the period. Atlas Legacy Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $356,000. Finally, Park Edge Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $703,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts recently commented on GS shares. Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Morgan Stanley cut their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $605.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Barclays increased their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $591.87.

Insider Activity

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares of the company's stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction that occurred 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 completion of the sale, the treasurer now directly owns 8,192 shares of the company's stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $15.79 during trading hours on Wednesday, hitting $564.24. 2,542,259 shares of the company's stock traded hands, compared to its average volume of 2,282,495. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The business's fifty day simple moving average is $603.45 and its two-hundred day simple moving average is $573.30. 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 $176.06 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group's revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.48 earnings per share. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued 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%.

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.