IAG Wealth Partners LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

IAG Wealth Partners LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 126.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174 shares of the investment management company’s stock after purchasing an additional 97 shares during the period. IAG Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GS. Asset Management One Co. Ltd. grew its position in The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after buying 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. Atlas Legacy Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $356,000. Park Edge Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $703,000. Finally, Nordea Investment Management AB grew its position in The Goldman Sachs Group by 30.3% during the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after buying an additional 49,710 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on GS shares. 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 research report on Thursday, January 16th. UBS Group lifted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Barclays lifted 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. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Finally, HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $591.69.

Insiders Place Their Bets

In other news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the sale, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last ninety days. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $535.61 on Thursday. The company’s 50-day moving average price is $614.56 and its 200-day moving average price is $566.43. 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 company has a market cap of $167.13 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a twelve month low of $383.41 and a twelve month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping 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 company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm earned $5.48 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, sell-side analysts forecast 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 company also recently announced 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 yield of 2.24%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.