Calamos Advisors LLC Acquires 7,428 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Calamos Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 151,897 shares of the investment management company's stock after acquiring an additional 7,428 shares during the quarter. Calamos Advisors LLC's holdings in The Goldman Sachs Group were worth $86,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. West Branch Capital LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $30,000. DT Investment Partners LLC raised its position in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after buying an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $34,000. Country Trust Bank acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $37,000. Finally, Capital Performance Advisors LLP bought a new position in The Goldman Sachs Group during the 3rd quarter worth $38,000. Institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Oppenheimer lowered their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. HSBC lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating and raised their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Citigroup boosted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $591.06.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $2.11 on Tuesday, reaching $634.48. The company's stock had a trading volume of 1,743,131 shares, compared to its average volume of 2,593,334. The company has a market capitalization of $196.97 billion, a P/E ratio of 15.65, a PEG ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 12-month low of $375.20 and a 12-month high of $650.00. The stock's 50 day simple moving average is $596.65 and its 200-day simple moving average is $542.74. 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 (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same period in the prior year, the business earned $5.48 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Insider Buying and Selling

In other news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the treasurer now owns 8,192 shares of the company's stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated 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 in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,865 shares of company stock valued at $25,286,862 over the last ninety days. 0.57% of the stock is 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.