Capital Investment Advisory Services LLC Has $927,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Capital Investment Advisory Services LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,618 shares of the investment management company’s stock after purchasing an additional 127 shares during the period. Capital Investment Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $927,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth approximately $1,040,000. Advisory Alpha LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth approximately $200,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of The Goldman Sachs Group in the second quarter worth approximately $104,000. Sanctuary Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth approximately $15,155,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in The Goldman Sachs Group by 116.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 437 shares of the investment management company’s stock valued at $198,000 after buying an additional 235 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.3 %

Shares of The Goldman Sachs Group stock opened at $645.77 on Friday. The stock has a fifty day simple moving average of $594.34 and a 200 day simple moving average of $539.40. The Goldman Sachs Group, Inc. has a 12-month low of $375.20 and a 12-month high of $649.52. The company has a market capitalization of $202.71 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. 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, 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 business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the firm earned $5.48 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.86%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Analysts Set New Price Targets

Several brokerages have issued reports on GS. Oppenheimer dropped their price target on 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. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI boosted their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Morgan Stanley boosted their price target on 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $591.06.

Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,865 shares of company stock valued at $25,286,862 in the last 90 days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.