Midwest Professional Planners LTD. Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Midwest Professional Planners LTD. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,206 shares of the investment management company’s stock after purchasing an additional 732 shares during the quarter. Midwest Professional Planners LTD.’s holdings in The Goldman Sachs Group were worth $2,981,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group during the fourth quarter worth about $29,000. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday. 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 report on Tuesday, January 21st. Oppenheimer decreased their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Barclays raised their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $584.00.

The Goldman Sachs Group Price Performance

GS stock opened at $524.24 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 52-week low of $383.41 and a 52-week high of $672.19. The stock’s 50 day moving average is $613.55 and its two-hundred day moving average is $566.13. The company has a market capitalization of $163.58 billion, a PE ratio of 12.93, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 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 analyst estimates of $12.36 billion. During the same quarter last year, the firm earned $5.48 EPS. The business’s revenue was up 22.5% on a year-over-year basis. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 2.29%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director Kevin R. Johnson acquired 2,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.