6,916 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, HoldingsChannel reports. The firm acquired 6,916 shares of the investment management company’s stock, valued at approximately $3,960,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its holdings in 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 buying an additional 5,541 shares during the last quarter. Erste Asset Management GmbH increased its stake 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 worth $3,309,000 after purchasing an additional 320 shares during the last quarter. Franklin Street Advisors Inc. NC raised its holdings in shares of The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after purchasing an additional 2,863 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $356,000. Finally, Park Edge Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth $703,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $543.04 on Friday. The stock’s 50 day simple moving average is $608.15 and its 200-day simple moving average is $570.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $169.45 billion, a PE ratio of 13.39, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Activity

In related news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup dropped their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $590.60.

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.