Opal Wealth Advisors LLC Buys 38 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Opal Wealth Advisors LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 686 shares of the investment management company’s stock after acquiring an additional 38 shares during the period. Opal Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GS. Ritholtz Wealth Management increased its holdings in The Goldman Sachs Group by 11.6% in the third quarter. Ritholtz Wealth Management now owns 7,272 shares of the investment management company’s stock valued at $3,600,000 after purchasing an additional 756 shares during the last quarter. Carnegie Investment Counsel increased its holdings in shares of The Goldman Sachs Group by 1.8% in the third quarter. Carnegie Investment Counsel now owns 5,825 shares of the investment management company’s stock worth $2,884,000 after acquiring an additional 103 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of The Goldman Sachs Group by 46.8% in the third quarter. Exchange Traded Concepts LLC now owns 2,618 shares of the investment management company’s stock worth $1,296,000 after acquiring an additional 835 shares in the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of The Goldman Sachs Group by 70.1% in the third quarter. CHICAGO TRUST Co NA now owns 920 shares of the investment management company’s stock worth $456,000 after acquiring an additional 379 shares in the last quarter. Finally, Factory Mutual Insurance Co. bought a new stake in shares of The Goldman Sachs Group in the third quarter worth about $23,369,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GS. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $655.76 on Monday. The stock has a 50 day moving average price of $600.00 and a 200 day moving average price of $546.84. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $663.87. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $203.58 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the firm posted $5.48 earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. Analysts predict 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, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.83%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 over the last three months. Insiders own 0.54% of the company’s stock.

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.