Moors & Cabot Inc. Has $1.74 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Moors & Cabot Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.2% during the 4th quarter, Holdings Channel reports. The firm owned 3,034 shares of the investment management company’s stock after purchasing an additional 468 shares during the quarter. Moors & Cabot Inc.’s holdings in The Goldman Sachs Group were worth $1,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its stake in shares of The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after buying an additional 112,696 shares in the last quarter. FMR LLC lifted its position in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after buying an additional 521,054 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in The Goldman Sachs Group by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock worth $1,109,081,000 after buying an additional 22,794 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in The Goldman Sachs Group by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after buying an additional 18,541 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % 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. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $535.61 on Thursday. 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 cap of $167.13 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock has a 50-day moving average of $614.56 and a 200-day moving average of $566.43. The Goldman Sachs Group, Inc. has a one year low of $383.41 and a one year 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 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.24%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Ratings Changes

Several research analysts recently issued reports on GS shares. UBS Group upped 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 report on Tuesday, January 21st. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report 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. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

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.