The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,001 shares of the investment management company’s stock after purchasing an additional 10,392 shares during the quarter. Sanctuary Advisors LLC’s holdings in The Goldman Sachs Group were worth $42,374,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Catalyst Capital Advisors LLC increased its position in The Goldman Sachs Group by 210.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the investment management company’s stock worth $208,000 after purchasing an additional 246 shares in the last quarter. Americana Partners LLC increased its position in The Goldman Sachs Group by 439.3% during the 4th quarter. Americana Partners LLC now owns 5,695 shares of the investment management company’s stock worth $3,261,000 after purchasing an additional 4,639 shares in the last quarter. Sierra Ocean LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $60,000. JFS Wealth Advisors LLC increased its position in The Goldman Sachs Group by 1.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,878 shares of the investment management company’s stock worth $1,648,000 after purchasing an additional 36 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in The Goldman Sachs Group by 11.0% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,938 shares of the investment management company’s stock valued at $1,682,000 after acquiring an additional 290 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $661.56 on Monday. The business’s fifty day moving average price is $605.16 and its 200 day moving average price is $552.30. The Goldman Sachs Group, Inc. has a 12-month low of $379.14 and a 12-month high of $663.87. The stock has a market capitalization of $205.38 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. 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 (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the business posted $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company 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 dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods increased 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. Finally, Citigroup increased their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $591.06.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the sale, the director now owns 608,425 shares in the company, valued at $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 over the last ninety days. 0.54% of the stock is owned by insiders.

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.