Smith Moore & CO. Buys New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Smith Moore & CO. bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 655 shares of the investment management company's stock, valued at approximately $375,000.

Several other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in The Goldman Sachs Group in the 3rd quarter valued at $911,000. Kovitz Investment Group Partners LLC lifted its stake in shares of The Goldman Sachs Group by 52.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 39,559 shares of the investment management company's stock valued at $19,586,000 after buying an additional 13,671 shares during the period. Insigneo Advisory Services LLC grew its position in The Goldman Sachs Group by 9.3% during the third quarter. Insigneo Advisory Services LLC now owns 3,107 shares of the investment management company's stock worth $1,539,000 after buying an additional 264 shares in the last quarter. EP Wealth Advisors LLC grew its position in The Goldman Sachs Group by 70.2% during the third quarter. EP Wealth Advisors LLC now owns 5,699 shares of the investment management company's stock worth $2,822,000 after buying an additional 2,350 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in The Goldman Sachs Group by 45.9% in the 3rd quarter. National Bank of Canada FI now owns 544,178 shares of the investment management company's stock valued at $269,428,000 after acquiring an additional 171,071 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

GS has been the topic of several recent research reports. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday. Citigroup decreased their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $586.00.

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The Goldman Sachs Group Trading Down 1.7 %

NYSE:GS traded down $7.74 during trading hours on Wednesday, hitting $454.48. 1,506,698 shares of the stock were exchanged, compared to its average volume of 2,350,284. The company has a market capitalization of $141.82 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. 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 company's 50 day moving average is $587.13 and its two-hundred day moving average is $572.67. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19.

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 (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for 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 firm's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 earnings per share. On average, sell-side 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 owns 6,455 shares of the company's stock, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% 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.