Centerpoint Advisors LLC Boosts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Centerpoint Advisors LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 933.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 930 shares of the investment management company’s stock after buying an additional 840 shares during the period. Centerpoint Advisors LLC’s holdings in The Goldman Sachs Group were worth $533,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its position in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares during the period. FMR LLC grew its position in shares of The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after purchasing an additional 521,054 shares during the period. Janus Henderson Group PLC increased its stake in shares of The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after purchasing an additional 251,972 shares in the last quarter. Congress Asset Management Co. raised its position in shares of The Goldman Sachs Group by 829.0% during the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock worth $128,886,000 after purchasing an additional 232,297 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in The Goldman Sachs Group by 45.9% in the 3rd quarter. National Bank of Canada FI now owns 544,178 shares of the investment management company’s stock valued at $269,428,000 after buying an additional 171,071 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of several research reports. Oppenheimer cut their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup raised their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, HSBC downgraded shares of 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 note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Stock Up 1.9 %

Shares of NYSE GS opened at $661.56 on Tuesday. The company has a market capitalization of $205.38 billion, a P/E ratio of 16.31, a P/E/G 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 company has a 50 day simple moving average of $605.16 and a 200-day simple moving average of $552.61. The Goldman Sachs Group, Inc. has a 1 year low of $379.14 and a 1 year high of $663.87.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results 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 company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % 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 valued at $19,692,543 over the last 90 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.