1,535 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,535 shares of the investment management company’s stock, valued at approximately $879,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the third quarter valued at about $34,000. Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $37,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The transaction 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 Goldman Sachs Group 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 completion of the transaction, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Up 3.3 %

GS stock opened at $542.31 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $383.41 and a twelve month high of $672.19. The company has a market cap of $169.22 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The business’s 50-day simple moving average is $612.79 and its 200 day simple moving average is $566.37. 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 Goldman Sachs Group (NYSE:GS) last released its 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the business earned $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays raised their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Citigroup raised their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Finally, UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $594.27.

The Goldman Sachs Group 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.