The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Lifted by Stephens Inc. AR

Stephens Inc. AR grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 59,017 shares of the investment management company’s stock after purchasing an additional 4,469 shares during the quarter. Stephens Inc. AR’s holdings in The Goldman Sachs Group were worth $33,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quotient Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 5.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 5,655 shares of the investment management company’s stock worth $3,238,000 after purchasing an additional 279 shares in the last quarter. Northeast Investment Management lifted its holdings in The Goldman Sachs Group by 2.0% in the fourth quarter. Northeast Investment Management now owns 40,145 shares of the investment management company’s stock worth $22,988,000 after purchasing an additional 776 shares during the period. AlphaStar Capital Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $209,000. Moloney Securities Asset Management LLC increased its stake in The Goldman Sachs Group by 11.2% during the 4th quarter. Moloney Securities Asset Management LLC now owns 3,325 shares of the investment management company’s stock valued at $1,904,000 after buying an additional 336 shares during the period. Finally, Pacific Wealth Strategies Group Inc. bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $1,143,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS opened at $655.76 on Friday. The business’s 50-day moving average is $600.00 and its 200-day moving average is $546.46. 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 has a market capitalization of $203.58 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $663.87.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company 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 $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.83%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock valued at $19,692,543 in the last three months. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted 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 research report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $591.06.

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.