Laffer Tengler Investments Inc. Acquires 3,963 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Laffer Tengler Investments Inc. grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,186 shares of the investment management company’s stock after buying an additional 3,963 shares during the quarter. The Goldman Sachs Group makes up 3.1% of Laffer Tengler Investments Inc.’s portfolio, making the stock its 4th largest position. Laffer Tengler Investments Inc.’s holdings in The Goldman Sachs Group were worth $15,567,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group during the 3rd quarter worth $34,000. Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $37,000. 71.21% of the stock is owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup boosted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Oppenheimer lowered their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley lifted their price objective on 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. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $591.69.

The Goldman Sachs Group Stock Down 4.2 %

The Goldman Sachs Group stock opened at $579.88 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve 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 has a 50 day moving average of $617.36 and a 200-day moving average of $564.69. The stock has a market capitalization of $180.95 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 EPS. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.