Checchi Capital Advisers LLC Has $6.24 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Checchi Capital Advisers LLC decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the 4th quarter, Holdings Channel reports. The fund owned 10,903 shares of the investment management company’s stock after selling 281 shares during the period. Checchi Capital Advisers LLC’s holdings in The Goldman Sachs Group were worth $6,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Swedbank AB lifted its position in shares of The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after purchasing an additional 13,730 shares during the period. Strategic Wealth Investment Group LLC grew its holdings in The Goldman Sachs Group by 18.5% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 20,659 shares of the investment management company’s stock worth $10,126,000 after acquiring an additional 3,221 shares during the period. Hunter Associates Investment Management LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $218,000. abrdn plc grew its stake in The Goldman Sachs Group by 1.7% during the third quarter. abrdn plc now owns 352,220 shares of the investment management company’s stock worth $174,203,000 after purchasing an additional 5,835 shares during the period. Finally, Traynor Capital Management Inc. grew its position in shares of The Goldman Sachs Group by 92.3% during the 3rd quarter. Traynor Capital Management Inc. now owns 702 shares of the investment management company’s stock worth $347,000 after buying an additional 337 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on 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 transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 in the last 90 days. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $614.86 on Wednesday. The stock has a fifty day moving average of $613.18 and a 200 day moving average of $560.79. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The firm has a market capitalization of $191.86 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) 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. On average, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.95%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GS. 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 research note on Tuesday, January 21st. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays increased their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $593.56.

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.