Parisi Gray Wealth Management Acquires 77 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Parisi Gray Wealth Management raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,599 shares of the investment management company’s stock after purchasing an additional 77 shares during the period. Parisi Gray Wealth Management’s holdings in The Goldman Sachs Group were worth $1,774,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $32,000. Cambridge Trust Co. boosted its holdings in The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC boosted its holdings in The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares during the period. Pacific Center for Financial Services bought a new stake in The Goldman Sachs Group in the 1st quarter valued at about $33,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $34,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. HSBC boosted their target price on shares of The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. BMO Capital Markets boosted their target price on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. JMP Securities restated a “market outperform” rating and issued a $440.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Finally, Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $411.10.

The Goldman Sachs Group Stock Up 0.1 %

NYSE:GS traded up $0.61 during trading hours on Thursday, reaching $415.86. The company had a trading volume of 370,945 shares, compared to its average volume of 2,307,425. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The firm has a market cap of $134.96 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.56 and a beta of 1.42. The business’s 50-day simple moving average is $387.82 and its two-hundred day simple moving average is $357.13. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $3.32 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 48.20%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock worth $15,080,021 over the last three months. 0.54% of the stock is currently owned by insiders.

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.