Financial Guidance Group Inc. Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Financial Guidance Group Inc. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 351 shares of the investment management company’s stock, valued at approximately $201,000.

A number of other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of The Goldman Sachs Group by 46.8% during the third quarter. Exchange Traded Concepts LLC now owns 2,618 shares of the investment management company’s stock worth $1,296,000 after purchasing an additional 835 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $226,000. Procyon Advisors LLC increased its stake in The Goldman Sachs Group by 5.5% during the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock worth $411,000 after acquiring an additional 43 shares during the period. Creative Planning raised its holdings in The Goldman Sachs Group by 3.5% in the 3rd quarter. Creative Planning now owns 77,025 shares of the investment management company’s stock valued at $38,136,000 after acquiring an additional 2,579 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after acquiring an additional 13,730 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock valued at $19,692,543 over the last ninety days. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GS. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their target price 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. Bank of America upped their price target on shares of 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 shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Evercore ISI upped their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Trading Up 0.3 %

Shares of NYSE GS opened at $649.17 on Thursday. The firm has a 50 day moving average price of $602.89 and a two-hundred day moving average price of $550.12. The stock has a market cap of $201.53 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52-week low of $375.20 and a 52-week high of $663.87. 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business 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 Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 earnings per share. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed 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 dividend 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.