Tyler Stone Wealth Management Boosts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Tyler Stone Wealth Management lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,305 shares of the investment management company’s stock after buying an additional 148 shares during the period. Tyler Stone Wealth Management’s holdings in The Goldman Sachs Group were worth $747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GS. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at $34,000. Finally, Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth $34,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on GS. Morgan Stanley lowered their price objective on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $593.27.

The Goldman Sachs Group Price Performance

Shares of GS opened at $586.16 on Wednesday. The firm has a fifty day simple moving average of $611.53 and a two-hundred day simple moving average of $570.61. The firm has a market cap of $182.90 billion, a PE ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.37. 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, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

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.