Gerber Kawasaki Wealth & Investment Management Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Gerber Kawasaki Wealth & Investment Management grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 29.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 557 shares of the investment management company’s stock after purchasing an additional 128 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in The Goldman Sachs Group were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GS has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 15th. JMP Securities decreased their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Barclays reduced their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group upped their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group Stock Down 0.1 %

Shares of The Goldman Sachs Group stock opened at $544.95 on Monday. The Goldman Sachs Group, Inc. has a 1 year low of $425.19 and a 1 year high of $672.19. The stock has a market cap of $170.05 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.89 and a beta of 1.33. 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 firm’s 50-day moving average is $548.95 and its two-hundred day moving average is $574.43.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the prior year, the company posted $11.58 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.20%. The Goldman Sachs Group’s payout ratio is 27.85%.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group 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 in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Hess bought 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.55% of the stock is owned by company insiders.

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.