Atria Wealth Solutions Inc. Buys 1,347 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Atria Wealth Solutions Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,348 shares of the investment management company’s stock after purchasing an additional 1,347 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in The Goldman Sachs Group were worth $9,934,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Swedbank AB boosted its position in The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares in the last quarter. Vest Financial LLC lifted its position in shares of The Goldman Sachs Group by 196.1% during the third quarter. Vest Financial LLC now owns 1,510 shares of the investment management company’s stock worth $748,000 after purchasing an additional 1,000 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth approximately $78,000. Waterway Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 10.9% during the third quarter. Waterway Wealth Management LLC now owns 510 shares of the investment management company’s stock worth $253,000 after purchasing an additional 50 shares in the last quarter. Finally, Ledyard National Bank acquired a new position in shares of The Goldman Sachs Group during the third quarter worth approximately $233,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,475 shares of company stock valued at $19,692,543. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GS shares. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, UBS Group increased their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Trading Up 1.6 %

Shares of NYSE:GS opened at $671.44 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $380.85 and a 12 month high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company’s fifty day simple moving average is $608.24 and its 200 day simple moving average is $555.16. The firm has a market cap of $208.45 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 net margin of 11.32% and a return on equity of 13.30%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the business posted $5.48 earnings per share. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.