WP Advisors LLC Buys Shares of 359 The Goldman Sachs Group, Inc. (NYSE:GS)

WP Advisors LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 359 shares of the investment management company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after purchasing an additional 5,541 shares during the last quarter. Franklin Street Advisors Inc. NC grew its stake in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after acquiring an additional 2,863 shares during the last quarter. Park Edge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $703,000. Nordea Investment Management AB grew its stake in shares of The Goldman Sachs Group by 30.3% during the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after acquiring an additional 49,710 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after acquiring an additional 161,133 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 3.8 %

Shares of NYSE:GS opened at $642.81 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $381.26 and a 12-month high of $672.19. The company has a market capitalization of $200.58 billion, a PE ratio of 15.85, a PEG ratio of 0.93 and a beta of 1.39. The business has a 50 day moving average of $610.78 and a two-hundred day moving average of $556.55. 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 (NYSE:GS) last announced its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the company posted $5.48 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GS. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $593.56.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 in the last three months. 0.54% of the stock is currently owned by company insiders.

About The Goldman Sachs Group

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.