Sheaff Brock Investment Advisors LLC Invests $231,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Sheaff Brock Investment Advisors LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 404 shares of the investment management company's stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning grew its stake in shares of The Goldman Sachs Group by 3.5% in the third quarter. Creative Planning now owns 77,025 shares of the investment management company's stock valued at $38,136,000 after acquiring an additional 2,579 shares in the last quarter. Swedbank AB grew its stake in shares of The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company's stock valued at $167,866,000 after acquiring an additional 13,730 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of The Goldman Sachs Group by 5.3% in the third quarter. Commonwealth Equity Services LLC now owns 108,763 shares of the investment management company's stock valued at $53,849,000 after acquiring an additional 5,499 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of The Goldman Sachs Group by 36.3% in the third quarter. Resonant Capital Advisors LLC now owns 668 shares of the investment management company's stock valued at $331,000 after acquiring an additional 178 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 14.2% in the third quarter. Cyndeo Wealth Partners LLC now owns 3,769 shares of the investment management company's stock valued at $1,866,000 after acquiring an additional 468 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an "overweight" rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Barclays upped their price objective 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. Hsbc Global Res cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $593.56.

The Goldman Sachs Group Price Performance

Shares of GS stock traded down $16.56 on Friday, reaching $625.70. The company had a trading volume of 2,996,182 shares, compared to its average volume of 2,555,497. The stock has a market capitalization of $195.24 billion, a PE ratio of 15.43, a price-to-earnings-growth 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, Inc. has a one year low of $381.42 and a one year high of $672.19. The business's 50-day moving average is $611.58 and its 200 day moving average is $557.71.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating 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 firm posted $5.48 earnings per share. The firm's revenue was up 22.5% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company 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 $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares of the company's stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,475 shares of company stock valued at $19,692,543 over the last quarter. 0.54% of the stock is owned by company insiders.

About The Goldman Sachs Group

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.