Nisa Investment Advisors LLC Has $65.35 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Nisa Investment Advisors LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 114,132 shares of the investment management company’s stock after purchasing an additional 2,859 shares during the quarter. Nisa Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $65,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GS. Genesis Private Wealth LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $208,000. Simon Quick Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 12.9% during the fourth quarter. Simon Quick Advisors LLC now owns 2,633 shares of the investment management company’s stock valued at $1,508,000 after buying an additional 301 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in shares of The Goldman Sachs Group by 29.7% during the fourth quarter. Beaumont Financial Advisors LLC now owns 973 shares of the investment management company’s stock worth $557,000 after acquiring an additional 223 shares in the last quarter. Perfromance Wealth Partners LLC raised its holdings in shares of The Goldman Sachs Group by 2.1% in the 4th quarter. Perfromance Wealth Partners LLC now owns 122,039 shares of the investment management company’s stock worth $69,882,000 after acquiring an additional 2,539 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its position in The Goldman Sachs Group by 2.7% in the 4th quarter. Atomi Financial Group Inc. now owns 11,426 shares of the investment management company’s stock valued at $6,543,000 after acquiring an additional 301 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $634.74 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $635.43. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s fifty day moving average price is $587.71 and its two-hundred day moving average price is $531.85. The firm has a market cap of $199.25 billion, a PE ratio of 15.65, a PEG ratio of 0.88 and a beta of 1.38.

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, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.48 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 46.38 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction 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. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,940 shares of company stock worth $12,656,179. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GS. JMP Securities increased their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Oppenheimer cut their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

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.