The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 22.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,180 shares of the investment management company’s stock after acquiring an additional 1,127 shares during the quarter. GC Wealth Management RIA LLC’s holdings in The Goldman Sachs Group were worth $3,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth $34,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on GS. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley boosted 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 report on Thursday, January 16th. 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. Finally, UBS Group lifted their price target 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. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Stock Down 5.0 %

GS stock opened at $531.75 on Tuesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The firm has a fifty day moving average price of $616.13 and a two-hundred day moving average price of $566.49. The firm has a market cap of $165.93 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.89 and a beta of 1.37.

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 for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the firm earned $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.26%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last 90 days. Insiders own 0.54% of the company’s stock.

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.