The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 846 shares of the investment management company’s stock after selling 33 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $484,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Atomi Financial Group Inc. grew its position in The Goldman Sachs Group by 2.7% in the 4th quarter. Atomi Financial Group Inc. now owns 11,426 shares of the investment management company’s stock valued at $6,543,000 after acquiring an additional 301 shares in the last quarter. Transform Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 7.3% in the 4th quarter. Transform Wealth LLC now owns 33,323 shares of the investment management company’s stock valued at $19,082,000 after buying an additional 2,258 shares during the period. Alpha Cubed Investments LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $203,000. Lmcg Investments LLC boosted its stake in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Lmcg Investments LLC now owns 51,377 shares of the investment management company’s stock valued at $29,419,000 after buying an additional 2,845 shares during the period. Finally, Aspiriant LLC boosted its stake in shares of The Goldman Sachs Group by 5.8% in the 4th quarter. Aspiriant LLC now owns 981 shares of the investment management company’s stock valued at $562,000 after buying an additional 54 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average price 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 of the company’s stock, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,940 shares of company stock valued at $12,656,179. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

GS stock opened at $634.74 on Wednesday. The company has a market capitalization of $199.25 billion, a P/E ratio of 15.65, a PEG ratio of 0.90 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $374.24 and a twelve month high of $635.43. The business has a 50 day simple moving average of $587.71 and a 200-day simple moving average of $531.85. 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 the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GS. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective 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. Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays lifted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, JMP Securities lifted their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.