Founders Financial Alliance LLC Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Founders Financial Alliance LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 95.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,726 shares of the investment management company’s stock after purchasing an additional 843 shares during the period. Founders Financial Alliance LLC’s holdings in The Goldman Sachs Group were worth $989,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its holdings in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after purchasing an additional 5,541 shares during the period. Franklin Street Advisors Inc. NC boosted its holdings 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 purchasing an additional 2,863 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $356,000. Park Edge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $703,000. Finally, Nordea Investment Management AB boosted its holdings 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 purchasing an additional 49,710 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the transaction, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS opened at $531.75 on Tuesday. The company has a market capitalization of $165.93 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 firm has a 50 day moving average of $616.13 and a 200 day moving average of $566.49. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19.

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 for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Citigroup increased their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. UBS Group increased their price target on shares of 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 Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.69.

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.