509 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Coordinated Financial Services Inc.

Coordinated Financial Services Inc. acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 509 shares of the investment management company’s stock, valued at approximately $291,000.

A number of other large investors have also recently bought and sold shares of GS. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the 4th quarter worth $29,000. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at about $34,000. Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $37,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

GS opened at $559.55 on Friday. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. 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 company’s 50 day simple moving average is $616.96 and its 200-day simple moving average is $565.76. The stock has a market capitalization of $174.60 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released 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 net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. Sell-side analysts anticipate 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. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.14%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GS. UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Barclays increased their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup increased their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Oppenheimer dropped their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 over the last ninety days. Company insiders own 0.54% of the company’s stock.

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.