The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,555 shares of the investment management company’s stock after acquiring an additional 447 shares during the period. Mill Creek Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,608,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Carnegie Investment Counsel increased its position in The Goldman Sachs Group by 1.8% during the third quarter. Carnegie Investment Counsel now owns 5,825 shares of the investment management company’s stock worth $2,884,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in The Goldman Sachs Group by 46.8% in the third quarter. Exchange Traded Concepts LLC now owns 2,618 shares of the investment management company’s stock worth $1,296,000 after acquiring an additional 835 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in The Goldman Sachs Group by 70.1% in the third quarter. CHICAGO TRUST Co NA now owns 920 shares of the investment management company’s stock worth $456,000 after acquiring an additional 379 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in The Goldman Sachs Group by 9.0% in the third quarter. Koshinski Asset Management Inc. now owns 1,107 shares of the investment management company’s stock worth $548,000 after acquiring an additional 91 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in The Goldman Sachs Group by 5.2% during the third quarter. Armstrong Advisory Group Inc. now owns 467 shares of the investment management company’s stock worth $231,000 after purchasing an additional 23 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on GS. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays upped their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $591.06.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the business’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 owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Down 0.9 %

Shares of GS stock opened at $650.24 on Tuesday. The stock’s fifty day simple moving average is $600.00 and its 200 day simple moving average is $547.26. The Goldman Sachs Group, Inc. has a twelve month low of $375.20 and a twelve month high of $663.87. The firm has a market capitalization of $201.87 billion, a P/E ratio of 16.04, a P/E/G ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.48 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.