TFO Wealth Partners LLC Has $1.47 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

TFO Wealth Partners LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 126,666.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,803 shares of the investment management company’s stock after buying an additional 3,800 shares during the period. TFO Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $1,467,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GS. Albert D Mason Inc. lifted its stake in The Goldman Sachs Group by 4.3% in the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after buying an additional 27 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC increased its holdings in The Goldman Sachs Group by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after buying an additional 29 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 7.5% in the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 29 shares during the last quarter. Finally, Invst LLC increased its holdings in shares of The Goldman Sachs Group by 0.7% in the fourth quarter. Invst LLC now owns 4,425 shares of the investment management company’s stock valued at $1,703,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Down 0.6 %

The Goldman Sachs Group stock traded down $2.60 during mid-day trading on Wednesday, reaching $457.21. 2,314,238 shares of the company traded hands, compared to its average volume of 2,342,874. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The firm’s 50 day moving average price is $428.12 and its 200 day moving average price is $393.07. The firm has a market capitalization of $147.43 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 0.93 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $471.48.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.79 EPS. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 36.57 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on GS shares. Bank of America boosted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada boosted their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Citigroup boosted their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research note on Tuesday, April 16th. Finally, Evercore ISI upped their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.57.

Get Our Latest Stock Analysis on The Goldman Sachs Group

About The Goldman Sachs Group

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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