Strategic Planning Group LLC Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Strategic Planning Group LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,878 shares of the investment management company’s stock after purchasing an additional 213 shares during the quarter. Strategic Planning Group LLC’s holdings in The Goldman Sachs Group were worth $4,511,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth $30,000. DT Investment Partners LLC grew its holdings in shares of The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth approximately $34,000. Country Trust Bank purchased a new stake in The Goldman Sachs Group in the third quarter valued at approximately $37,000. Finally, Capital Performance Advisors LLP bought a new stake in The Goldman Sachs Group during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,657 shares of company stock worth $21,973,272 in the last ninety days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $638.13 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $200.31 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The business has a 50-day simple moving average of $593.22 and a two-hundred day simple moving average of $538.70. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $649.00.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the business posted $5.48 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued 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 1.88%. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

GS has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Barclays increased their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Bank of America lifted 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. Finally, UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.