The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 31.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,757 shares of the investment management company’s stock after purchasing an additional 4,766 shares during the quarter. Jones Financial Companies Lllp’s holdings in The Goldman Sachs Group were worth $11,313,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GS. Modera Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 5.3% in the 4th quarter. Modera Wealth Management LLC now owns 4,172 shares of the investment management company’s stock valued at $2,389,000 after purchasing an additional 209 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of The Goldman Sachs Group by 27.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 673 shares of the investment management company’s stock valued at $385,000 after buying an additional 147 shares in the last quarter. Bailard Inc. grew its holdings in The Goldman Sachs Group by 259.6% during the fourth quarter. Bailard Inc. now owns 1,593 shares of the investment management company’s stock worth $912,000 after acquiring an additional 1,150 shares during the period. Norden Group LLC raised its position in The Goldman Sachs Group by 16.4% in the fourth quarter. Norden Group LLC now owns 794 shares of the investment management company’s stock worth $455,000 after acquiring an additional 112 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $604.84 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The firm has a market cap of $188.73 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company’s 50-day moving average is $617.42 and its two-hundred day moving average is $564.16. 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GS. Oppenheimer lowered their price target 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. Hsbc Global Res lowered 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. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $591.69.

Insider Transactions at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 over the last quarter. 0.54% of the stock is currently owned by insiders.

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.