Heck Capital Advisors LLC Buys Shares of 1,169 The Goldman Sachs Group, Inc. (NYSE:GS)

Heck Capital Advisors LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,169 shares of the investment management company’s stock, valued at approximately $669,000.

Other institutional investors have also recently made changes to their positions in the company. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $30,000. DT Investment Partners LLC boosted its position in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group in the third quarter valued at about $34,000. Country Trust Bank bought a new position in The Goldman Sachs Group in the third quarter worth about $37,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at about $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,865 shares of company stock valued at $25,286,862. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GS shares. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Citigroup upped their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, Evercore ISI increased 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Down 0.9 %

GS stock opened at $640.15 on Friday. The company has a market capitalization of $198.73 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12 month low of $375.20 and a 12 month high of $650.00. The firm’s fifty day simple moving average is $595.32 and its 200-day simple moving average is $540.14. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.48 earnings per share. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

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.