Mission Wealth Management LP Has $1.98 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mission Wealth Management LP grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,465 shares of the investment management company’s stock after purchasing an additional 353 shares during the quarter. Mission Wealth Management LP’s holdings in The Goldman Sachs Group were worth $1,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GS. Swedbank AB raised its position in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after acquiring an additional 13,730 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of The Goldman Sachs Group by 16.5% during the third quarter. Farther Finance Advisors LLC now owns 3,141 shares of the investment management company’s stock worth $1,555,000 after purchasing an additional 445 shares during the period. Chicago Partners Investment Group LLC increased its holdings in The Goldman Sachs Group by 4.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,212 shares of the investment management company’s stock valued at $627,000 after purchasing an additional 53 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in The Goldman Sachs Group by 18.3% in the third quarter. Janney Montgomery Scott LLC now owns 119,239 shares of the investment management company’s stock valued at $59,037,000 after buying an additional 18,429 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in The Goldman Sachs Group by 1.2% during the third quarter. Van ECK Associates Corp now owns 6,157 shares of the investment management company’s stock worth $3,184,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GS shares. Citigroup upped their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their target price on shares of 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. Oppenheimer reduced 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 research report on Friday, January 3rd. Barclays upped their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $591.69.

Insider Buying and Selling

In other news, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the purchase, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock worth $12,630,683. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Down 2.8 %

NYSE:GS opened at $604.84 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. The company has a market cap of $188.73 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business has a 50 day moving average price of $617.42 and a two-hundred day moving average price of $564.16.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the company posted $5.48 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.