Hopwood Financial Services Inc. Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Hopwood Financial Services Inc. acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 146 shares of the investment management company’s stock, valued at approximately $84,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkworth Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $49,000. EverSource Wealth Advisors LLC increased its position in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,951 shares of the investment management company’s stock worth $2,835,000 after purchasing an additional 119 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of The Goldman Sachs Group by 10.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 82,207 shares of the investment management company’s stock worth $47,073,000 after purchasing an additional 7,977 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of The Goldman Sachs Group by 18.2% in the 4th quarter. Moors & Cabot Inc. now owns 3,034 shares of the investment management company’s stock worth $1,738,000 after purchasing an additional 468 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of The Goldman Sachs Group by 150.2% in the 4th quarter. Wealthfront Advisers LLC now owns 96,833 shares of the investment management company’s stock worth $55,449,000 after purchasing an additional 58,133 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GS. Morgan Stanley boosted their target price on shares of 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. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Barclays boosted 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. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Price Performance

NYSE GS opened at $535.61 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $383.41 and a 52 week high of $672.19. 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 stock has a market cap of $167.13 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a 50-day moving average price of $614.56 and a two-hundred day moving average price of $566.43.

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 for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.48 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date 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.