The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by CFO4Life Group LLC

CFO4Life Group LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 650 shares of the investment management company’s stock after acquiring an additional 22 shares during the period. CFO4Life Group LLC’s holdings in The Goldman Sachs Group were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. PGGM Investments lifted its position in shares of The Goldman Sachs Group by 4.7% during the 4th quarter. PGGM Investments now owns 35,217 shares of the investment management company’s stock valued at $20,166,000 after acquiring an additional 1,575 shares during the period. Balboa Wealth Partners lifted its position in shares of The Goldman Sachs Group by 89.4% during the 4th quarter. Balboa Wealth Partners now owns 3,076 shares of the investment management company’s stock valued at $1,761,000 after acquiring an additional 1,452 shares during the period. Erste Asset Management GmbH lifted its position in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock valued at $3,309,000 after acquiring an additional 320 shares during the period. Achmea Investment Management B.V. lifted its position in shares of The Goldman Sachs Group by 156.4% during the 4th quarter. Achmea Investment Management B.V. now owns 5,233 shares of the investment management company’s stock valued at $2,997,000 after acquiring an additional 3,192 shares during the period. Finally, Tredje AP fonden acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $26,174,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.8 %

GS stock opened at $535.61 on Thursday. The stock has a market capitalization of $167.13 billion, a P/E ratio of 13.21, a PEG ratio of 0.89 and a beta of 1.37. 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, Inc. has a one year low of $383.41 and a one year high of $672.19. The company has a 50 day moving average price of $614.56 and a two-hundred day moving average price of $566.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 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 analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.48 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business 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 dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.24%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GS. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. 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 report on Thursday, January 16th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

Insider Activity

In other news, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. 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. Company insiders own 0.54% of the company’s stock.

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.