The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 14,007.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,059,716 shares of the investment management company’s stock after acquiring an additional 1,052,204 shares during the quarter. Proficio Capital Partners LLC owned approximately 0.34% of The Goldman Sachs Group worth $606,815,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GS. Swedbank AB raised its holdings in shares of The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after acquiring an additional 13,730 shares during the last quarter. Hunter Associates Investment Management LLC acquired a new position in The Goldman Sachs Group in the third quarter valued at $218,000. Traynor Capital Management Inc. increased its stake in The Goldman Sachs Group by 92.3% in the third quarter. Traynor Capital Management Inc. now owns 702 shares of the investment management company’s stock valued at $347,000 after purchasing an additional 337 shares during the last quarter. Strategic Blueprint LLC increased its stake in The Goldman Sachs Group by 4.3% in the third quarter. Strategic Blueprint LLC now owns 2,732 shares of the investment management company’s stock valued at $1,353,000 after purchasing an additional 113 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in The Goldman Sachs Group by 0.6% in the third quarter. Fidelis Capital Partners LLC now owns 4,476 shares of the investment management company’s stock valued at $2,315,000 after purchasing an additional 27 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,475 shares of company stock valued at $19,692,543. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GS shares. Morgan Stanley upped their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. UBS Group upped their target price on 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. Oppenheimer dropped their target price 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. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $618.04 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The business has a 50-day moving average of $614.54 and a 200-day moving average of $561.19. 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 market capitalization of $192.85 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates 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 Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.48 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared 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. This represents a $12.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.