Moller Wealth Partners Purchases New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Moller Wealth Partners 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 filing with the Securities and Exchange Commission. The firm purchased 361 shares of the investment management company’s stock, valued at approximately $207,000.

Other hedge funds have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $27,000. Quest Partners LLC grew its holdings in shares of The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC acquired a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $30,000. Finally, DT Investment Partners LLC lifted its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Down 0.9 %

NYSE GS traded down $5.34 during trading hours on Tuesday, hitting $578.05. 733,071 shares of the company’s stock were exchanged, compared to its average volume of 1,644,486. The stock has a 50-day simple moving average of $579.47 and a 200 day simple moving average of $522.58. The firm has a market cap of $181.46 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.85 and a beta of 1.38. 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 Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $612.73.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same period in the previous year, the company posted $5.47 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 2nd were paid a dividend of $3.00 per share. The ex-dividend date was Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.08%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. Citigroup boosted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America increased their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $569.31.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,940 shares of company stock valued at $13,717,979 over the last 90 days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group 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.