Zullo Investment Group Inc. Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Zullo Investment Group Inc. boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,575 shares of the investment management company’s stock after buying an additional 29 shares during the quarter. Zullo Investment Group Inc.’s holdings in The Goldman Sachs Group were worth $1,475,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of 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 position in shares of The Goldman Sachs Group in the fourth quarter worth about $29,000. DT Investment Partners LLC boosted its position in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $38,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 0.6 %

The Goldman Sachs Group stock opened at $668.02 on Thursday. The company has a market capitalization of $207.39 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $380.85 and a fifty-two week high of $672.19. The firm has a 50 day moving average price of $609.75 and a 200 day moving average price of $555.95.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.80%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price 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. Oppenheimer reduced 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 report on Friday, January 3rd. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average target price of $593.56.

Insider Activity

In other news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,475 shares of company stock valued at $19,692,543. 0.57% of the stock is currently owned by company insiders.

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.