The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 58.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,189 shares of the investment management company’s stock after purchasing an additional 4,882 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $5,088,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GS. Congress Wealth Management LLC DE raised its stake in The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after acquiring an additional 650,918 shares in the last quarter. Morgan Stanley boosted its position in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after purchasing an additional 412,383 shares during the period. Wellington Management Group LLP grew its stake in The Goldman Sachs Group by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock worth $556,295,000 after buying an additional 255,690 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in The Goldman Sachs Group during the third quarter worth approximately $64,070,000. Finally, Raymond James & Associates lifted its stake in The Goldman Sachs Group by 41.9% in the fourth quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock valued at $236,101,000 after buying an additional 180,674 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,330 shares of company stock valued at $11,713,578. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GS shares. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Citigroup increased their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $437.04.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $5.61 during trading on Friday, hitting $438.18. 2,406,445 shares of the company were exchanged, compared to its average volume of 2,599,859. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $442.30. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The firm has a 50 day moving average price of $404.59 and a 200 day moving average price of $374.23. The stock has a market capitalization of $142.20 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.36 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $8.79 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

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.