World Investment Advisors Acquires 3,132 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

World Investment Advisors raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 74.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,317 shares of the investment management company's stock after acquiring an additional 3,132 shares during the quarter. World Investment Advisors' holdings in The Goldman Sachs Group were worth $4,190,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GS. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth $30,000. Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated 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 in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the firm's stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase 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 corporate insiders.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a research note on Friday. Evercore ISI lowered their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday. Finally, Wells Fargo & Company dropped their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus target price of $582.88.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $10.55 on Monday, hitting $460.27. 2,904,998 shares of the company traded hands, compared to its average volume of 2,327,802. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The firm's 50-day simple moving average is $597.54 and its 200 day simple moving average is $573.99. The company has a market cap of $143.62 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.89 and a beta of 1.33. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

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, topping the consensus estimate of $8.21 by $3.74. The firm 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 company's revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 earnings per share. Analysts expect 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. Shareholders of record on Friday, February 28th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group's payout ratio is currently 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.