ACT Wealth Management LLC Makes New $202,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

ACT Wealth Management LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, Holdings Channel reports. The firm acquired 523 shares of the investment management company’s stock, valued at approximately $202,000.

Other large investors have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $32,000. Cambridge Trust Co. lifted its position in shares of The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $33,000. Finally, First Capital Advisors Group LLC. bought a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GS shares. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Oppenheimer cut their price target on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, HSBC boosted their price target on shares of The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $411.10.

The Goldman Sachs Group Trading Up 0.3 %

Shares of GS stock opened at $416.34 on Thursday. The firm has a 50-day moving average price of $387.82 and a 200 day moving average price of $357.13. The company has a market capitalization of $135.11 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.56 and a beta of 1.42. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $416.76. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, topping the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $3.32 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 48.20%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,907 shares of company stock valued at $15,080,021. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Company 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.