Flaharty Asset Management LLC Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Flaharty Asset Management LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 502.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 422 shares of the investment management company’s stock after purchasing an additional 352 shares during the period. Flaharty Asset Management LLC’s holdings in The Goldman Sachs Group were worth $242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $34,000. Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $38,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GS. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays upped their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer decreased their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. UBS Group upped their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $622.11 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The stock has a market capitalization of $194.12 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a fifty day moving average of $616.74 and a 200-day moving average of $562.46. 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 announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the company earned $5.48 EPS. The firm’s revenue was up 22.5% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.93%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The shares were 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 of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.54% of the company’s stock.

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.