The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 66,266 shares of the investment management company’s stock after buying an additional 838 shares during the period. The Goldman Sachs Group accounts for approximately 0.6% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 23rd largest holding. Oppenheimer & Co. Inc.’s holdings in The Goldman Sachs Group were worth $37,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GS. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,475 shares of company stock valued at $19,692,543 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Barclays raised 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 note on Thursday, January 16th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Trading Up 0.5 %

NYSE:GS opened at $618.04 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $381.42 and a 1 year high of $672.19. The stock has a market cap of $192.85 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.89 and a beta of 1.39. The business has a fifty day moving average of $614.54 and a 200-day moving average of $561.19. 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 (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 1.94%. The Goldman Sachs Group’s dividend payout ratio 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.