The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by SRN Advisors LLC

SRN Advisors LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 160.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,947 shares of the investment management company’s stock after buying an additional 1,200 shares during the period. SRN Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,115,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $29,000. Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $34,000. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth $38,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 over the last ninety days. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $618.04 on Thursday. The company has a 50 day moving average price of $614.54 and a 200 day moving average price of $561.19. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. 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 has a market capitalization of $192.85 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 earnings per share. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley upped their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Barclays raised their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $593.56.

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.