Northern Financial Advisors Inc Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Northern Financial Advisors Inc increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,743 shares of the investment management company’s stock after buying an additional 416 shares during the quarter. The Goldman Sachs Group accounts for about 1.2% of Northern Financial Advisors Inc’s investment portfolio, making the stock its 23rd largest position. Northern Financial Advisors Inc’s holdings in The Goldman Sachs Group were worth $1,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Apollon Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 14.1% in the fourth quarter. Apollon Wealth Management LLC now owns 12,055 shares of the investment management company’s stock valued at $4,650,000 after acquiring an additional 1,494 shares in the last quarter. Machina Capital S.A.S. bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $777,000. Private Advisor Group LLC grew its holdings in The Goldman Sachs Group by 4.1% during the 4th quarter. Private Advisor Group LLC now owns 18,514 shares of the investment management company’s stock valued at $7,142,000 after buying an additional 737 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of The Goldman Sachs Group by 14.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,934 shares of the investment management company’s stock valued at $746,000 after buying an additional 248 shares during the last quarter. Finally, Connecticut Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 4.8% during the fourth quarter. Connecticut Wealth Management LLC now owns 1,090 shares of the investment management company’s stock worth $420,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Edward Jones began coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. HSBC raised their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer upped their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, Bank of America raised their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.57.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s 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 transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction 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 sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock valued at $11,713,578 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 0.4 %

Shares of GS traded up $1.64 during trading hours on Wednesday, reaching $445.44. 637,104 shares of the company traded hands, compared to its average volume of 2,347,123. The firm has a market cap of $144.56 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.38 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $447.42. The stock’s fifty day moving average price is $406.72 and its 200 day moving average price is $377.23. 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 issued its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.79 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.47%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

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.