Ellevest Inc. Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Ellevest Inc. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,060 shares of the investment management company’s stock after buying an additional 79 shares during the quarter. Ellevest Inc.’s holdings in The Goldman Sachs Group were worth $1,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GS. Jackson Grant Investment Advisers Inc. lifted its position in The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after purchasing an additional 16 shares during the period. Ledyard National Bank lifted its holdings in shares of The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after buying an additional 16 shares during the period. Seelaus Asset Management LLC boosted its stake in The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock valued at $378,000 after buying an additional 16 shares in the last quarter. Pointe Capital Management LLC boosted its stake in The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock valued at $951,000 after buying an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC grew its holdings in The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $680.00 to $650.00 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 company a “neutral” rating in a report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $593.40.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $566.20 on Friday. The firm has a 50 day moving average of $536.18 and a two-hundred day moving average of $575.65. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The company has a market capitalization of $176.68 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.89 and a beta of 1.32. 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 posted its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.12%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

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.