Parisi Gray Wealth Management Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Parisi Gray Wealth Management lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,599 shares of the investment management company’s stock after acquiring an additional 77 shares during the quarter. Parisi Gray Wealth Management’s holdings in The Goldman Sachs Group were worth $1,774,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Cambridge Trust Co. lifted its stake in 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 acquiring an additional 41 shares in the last quarter. Truvestments Capital LLC lifted its stake in 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 acquiring an additional 44 shares in the last quarter. BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth about $32,000. Pacific Center for Financial Services acquired a new position in The Goldman Sachs Group during the 1st quarter worth about $33,000. Finally, Worth Asset Management LLC acquired a new position in The Goldman Sachs Group during the 1st quarter worth about $33,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GS. Oppenheimer decreased their price objective on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. HSBC lifted their price objective on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday. Barclays boosted their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. JMP Securities restated a “market outperform” rating and set a $440.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, January 17th. Finally, Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $411.10.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,907 shares of company stock worth $15,080,021. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $0.61 during mid-day trading on Thursday, hitting $415.86. The company had a trading volume of 370,945 shares, compared to its average volume of 2,307,425. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $419.20. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $134.96 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.56 and a beta of 1.42. The firm’s 50 day simple moving average is $387.82 and its two-hundred day simple moving average is $357.13.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be paid a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.65%. The Goldman Sachs Group’s payout ratio is presently 48.20%.

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.