New Age Alpha Advisors LLC Invests $3.96 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

New Age Alpha Advisors LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,916 shares of the investment management company’s stock, valued at approximately $3,960,000.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $206,000. Townsquare Capital LLC boosted its stake in The Goldman Sachs Group by 30.7% in the third quarter. Townsquare Capital LLC now owns 7,135 shares of the investment management company’s stock valued at $3,533,000 after acquiring an additional 1,675 shares during the period. CreativeOne Wealth LLC grew its holdings in shares of The Goldman Sachs Group by 30.5% during the third quarter. CreativeOne Wealth LLC now owns 4,365 shares of the investment management company’s stock valued at $2,161,000 after purchasing an additional 1,020 shares during the last quarter. Financial Counselors Inc. raised its position in shares of The Goldman Sachs Group by 1.1% during the 3rd quarter. Financial Counselors Inc. now owns 2,485 shares of the investment management company’s stock worth $1,230,000 after purchasing an additional 27 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of The Goldman Sachs Group by 1,240.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,771 shares of the investment management company’s stock worth $2,362,000 after purchasing an additional 4,415 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Down 2.8 %

Shares of The Goldman Sachs Group stock opened at $543.04 on Friday. The business has a fifty day simple moving average of $608.15 and a 200-day simple moving average of $570.93. The firm has a market cap of $169.45 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19. 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 (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, topping 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 company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GS. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays lifted their price objective 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. 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 research report on Tuesday, January 21st. Finally, Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $590.60.

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.