Lakeshore Financial Planning Inc. Invests $228,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Lakeshore Financial Planning Inc. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 398 shares of the investment management company’s stock, valued at approximately $228,000.

Several other large investors also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. raised its position in The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 16 shares during the period. Ledyard National Bank boosted its stake in The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after acquiring an additional 16 shares during the period. Seelaus Asset Management LLC boosted its stake in The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 16 shares during the period. Pointe Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after buying an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC raised its holdings in The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at $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 worth $12,630,683 over the last quarter. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several recent analyst reports. 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 note on Thursday, November 21st. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. UBS Group upped their price objective 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. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $594.27.

The Goldman Sachs Group Price Performance

GS opened at $562.49 on Friday. The company’s 50-day simple moving average is $610.80 and its two-hundred day simple moving average is $567.71. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19. 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 stock has a market capitalization of $175.52 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) 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 period last year, the firm posted $5.48 EPS. The company’s revenue was up 22.5% on a year-over-year basis. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.13%. 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.