Phillips Wealth Planners LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,831 shares of the investment management company’s stock after selling 38 shares during the quarter. The Goldman Sachs Group makes up approximately 1.0% of Phillips Wealth Planners LLC’s portfolio, making the stock its 23rd biggest position. Phillips Wealth Planners LLC’s holdings in The Goldman Sachs Group were worth $1,025,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Waddell & Associates LLC raised its holdings in shares of The Goldman Sachs Group by 2.1% during the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC raised its holdings in shares of The Goldman Sachs Group by 0.7% during the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after acquiring an additional 18 shares in the last quarter. Bank of New Hampshire raised its holdings in shares of The Goldman Sachs Group by 8.0% during the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after acquiring an additional 18 shares in the last quarter. Marino Stram & Associates LLC raised its holdings in shares of The Goldman Sachs Group by 4.2% during the fourth quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 18 shares in the last quarter. Finally, First Pacific Financial raised its holdings in shares of The Goldman Sachs Group by 0.6% during the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Wall Street Analyst Weigh In
GS has been the subject of a number of research reports. Evercore ISI increased their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Bank of America increased their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Oppenheimer decreased their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, JMP Securities increased their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.06.
Insider Activity at The Goldman Sachs Group
In other news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, 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. Insiders have sold 20,940 shares of company stock valued at $12,656,179 over the last ninety days. Insiders own 0.54% of the company’s stock.
The Goldman Sachs Group Trading Down 0.3 %
The Goldman Sachs Group stock opened at $633.14 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $374.24 and a one year high of $635.60. The stock has a market capitalization of $198.75 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The business’s fifty day moving average is $588.56 and its 200 day moving average is $533.05.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the firm posted $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 46.81 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 given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.90%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 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.
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