Flagship Wealth Advisors LLC Acquires Shares of 195 The Goldman Sachs Group, Inc. (NYSE:GS)

Flagship Wealth Advisors LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 195 shares of the investment management company’s stock, valued at approximately $112,000.

Other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its stake in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after acquiring an additional 5,541 shares during the period. Franklin Street Advisors Inc. NC grew its position in The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after buying an additional 2,863 shares during the period. Erste Asset Management GmbH grew its position in The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock valued at $3,309,000 after buying an additional 320 shares during the period. Atlas Legacy Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $356,000. Finally, Park Edge Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $703,000. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Kevin R. Johnson bought 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the firm’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 sale, the insider now owns 3,545 shares in the company, 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 have sold 19,925 shares of company stock valued at $12,630,683 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GS. Citigroup boosted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $594.27.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $551.60 on Tuesday. 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 firm has a fifty day moving average price of $612.14 and a 200 day moving average price of $567.52. The Goldman Sachs Group, Inc. has a fifty-two week low of $383.41 and a fifty-two week high of $672.19. The firm has a market cap of $172.12 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the business earned $5.48 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 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.