Spectrum Wealth Counsel LLC Has $11.65 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Spectrum Wealth Counsel LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,351 shares of the investment management company’s stock after selling 68 shares during the period. The Goldman Sachs Group makes up approximately 1.4% of Spectrum Wealth Counsel LLC’s investment portfolio, making the stock its 21st largest holding. Spectrum Wealth Counsel LLC’s holdings in The Goldman Sachs Group were worth $11,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the third quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $38,000. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on GS. Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their price target 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. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday. UBS Group lifted their price target 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, Citigroup lifted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Trading Up 2.3 %

GS opened at $622.11 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $194.12 billion, a P/E 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 price of $616.74 and a two-hundred day moving average price of $562.46.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The business’s revenue was up 22.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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