Flagship Wealth Advisors LLC Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Flagship Wealth Advisors LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the fourth quarter, Holdings Channel reports. The firm bought 195 shares of the investment management company’s stock, valued at approximately $112,000.

A number of other institutional investors also recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its stake in The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after purchasing an additional 112,696 shares in the last quarter. FMR LLC raised its position in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after buying an additional 521,054 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in The Goldman Sachs Group by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock worth $1,109,081,000 after buying an additional 22,794 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in The Goldman Sachs Group by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after buying an additional 18,541 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock worth $898,428,000 after buying an additional 62,246 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $551.60 on Tuesday. The firm has a market cap of $172.12 billion, a PE ratio of 13.60, a PEG ratio of 0.89 and a beta of 1.37. The firm has a fifty day moving average of $612.14 and a 200 day moving average of $567.52. 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 Goldman Sachs Group, Inc. has a one year low of $383.41 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results 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 net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the firm earned $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.18%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $594.27.

View Our Latest Report on The Goldman Sachs Group

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the transaction, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 in the last 90 days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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