The Goldman Sachs Group, Inc. (NYSE:GS) Stake Lifted by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 44.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,180 shares of the investment management company’s stock after purchasing an additional 3,127 shares during the period. The Goldman Sachs Group comprises about 4.3% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 5th largest holding. Andrew Hill Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $5,830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $911,000. Continuum Advisory LLC boosted its holdings in The Goldman Sachs Group by 27.4% during the third quarter. Continuum Advisory LLC now owns 288 shares of the investment management company’s stock worth $143,000 after buying an additional 62 shares in the last quarter. M&T Bank Corp lifted its position in The Goldman Sachs Group by 0.6% in the 3rd quarter. M&T Bank Corp now owns 27,271 shares of the investment management company’s stock worth $13,502,000 after buying an additional 157 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $536,000. Finally, Coldstream Capital Management Inc. grew its stake in The Goldman Sachs Group by 29.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,866 shares of the investment management company’s stock valued at $2,950,000 after buying an additional 1,328 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $517.94 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. 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 company’s fifty day moving average price is $582.13 and its 200 day moving average price is $572.44. The stock has a market capitalization of $161.62 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities research analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction 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 completion of the transaction, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GS shares. Evercore ISI lowered their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $586.00.

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.