The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,775 shares of the investment management company's stock after acquiring an additional 869 shares during the quarter. Wedbush Securities Inc.'s holdings in The Goldman Sachs Group were worth $4,452,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Jackson Grant Investment Advisers Inc. lifted its holdings in The Goldman Sachs Group by 10.9% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock valued at $93,000 after purchasing an additional 16 shares in the last quarter. Ledyard National Bank boosted its holdings in shares of The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock worth $278,000 after purchasing an additional 16 shares during the last quarter. Seelaus Asset Management LLC grew its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after purchasing an additional 16 shares in the last quarter. Pointe Capital Management LLC increased its holdings in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after purchasing an additional 16 shares during the last quarter. Finally, Genesee Capital Advisors LLC lifted its position in The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after buying an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

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The Goldman Sachs Group Stock Down 0.3 %

Shares of GS stock traded down $1.48 during trading on Wednesday, reaching $460.74. The company's stock had a trading volume of 1,853,349 shares, compared to its average volume of 2,351,596. The company has a market capitalization of $143.77 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock's 50-day moving average price is $587.13 and its 200 day moving average price is $572.67.

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 analysts' consensus estimates 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 company's revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group's payout ratio is presently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GS. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday. Citigroup reduced 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 note on Monday, March 24th. JPMorgan Chase & Co. dropped their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price objective on The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $586.00.

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.