The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,634 shares of the investment management company’s stock after buying an additional 82 shares during the period. First Horizon Advisors Inc.’s holdings in The Goldman Sachs Group were worth $631,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after acquiring an additional 412,383 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after purchasing an additional 152,474 shares during the last quarter. Northern Trust Corp raised its holdings in The Goldman Sachs Group by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after buying an additional 104,424 shares during the period. Invesco Ltd. lifted its position in The Goldman Sachs Group by 6.1% in the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after buying an additional 159,512 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in The Goldman Sachs Group by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,848,113 shares of the investment management company’s stock worth $597,994,000 after buying an additional 19,920 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock valued at $11,713,578 over the last three months. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GS shares. Edward Jones started coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. JMP Securities upped their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. HSBC lifted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Citigroup increased their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada lifted their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $437.04.

The Goldman Sachs Group Trading Up 1.3 %

Shares of NYSE:GS opened at $438.18 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $442.30. The company’s 50 day moving average is $404.59 and its two-hundred day moving average is $374.23. The company has a market cap of $142.20 billion, a PE ratio of 17.11, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.79 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

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.