159 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 159 shares of the investment management company’s stock, valued at approximately $91,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stratos Investment Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $271,000. Stratos Wealth Partners LTD. grew its stake in The Goldman Sachs Group by 43.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,062 shares of the investment management company’s stock worth $3,471,000 after purchasing an additional 1,836 shares during the period. Ninety One UK Ltd purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $13,989,000. E. Ohman J or Asset Management AB grew its stake in shares of The Goldman Sachs Group by 8.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 14,410 shares of the investment management company’s stock worth $8,251,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of The Goldman Sachs Group by 2.6% in the fourth quarter. Mather Group LLC. now owns 1,202 shares of the investment management company’s stock worth $688,000 after acquiring an additional 30 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GS. Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI increased their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Stock Up 0.3 %

NYSE GS opened at $634.48 on Wednesday. The stock’s 50-day moving average price is $596.65 and its 200-day moving average price is $542.74. 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, Inc. has a 52 week low of $375.20 and a 52 week high of $650.00. The company has a market capitalization of $196.97 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the company earned $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.1 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 given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alex S. Golten sold 5,208 shares of the firm’s 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 transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,475 shares of company stock worth $19,692,543. 0.57% of the stock is owned by corporate 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.