Accurate Wealth Management LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 88 shares of the investment management company's stock, valued at approximately $31,000.
A number of other hedge funds also recently made changes to their positions in the business. Fairfield Bush & CO. acquired a new position in The Goldman Sachs Group during the first quarter worth $66,000. Candriam Luxembourg S.C.A. lifted its holdings in The Goldman Sachs Group by 1,505.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company's stock valued at $13,633,000 after purchasing an additional 38,727 shares during the last quarter. Baird Financial Group Inc. boosted its position in The Goldman Sachs Group by 18.5% in the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company's stock valued at $39,153,000 after buying an additional 18,540 shares in the last quarter. Zions Bancorporation N.A. boosted its position in The Goldman Sachs Group by 79.4% in the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company's stock valued at $273,000 after buying an additional 366 shares in the last quarter. Finally, Covestor Ltd grew its stake in The Goldman Sachs Group by 118.3% during the first quarter. Covestor Ltd now owns 310 shares of the investment management company's stock worth $102,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 69.09% of the company's stock.
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Analyst Ratings Changes
A number of research firms recently commented on GS. Deutsche Bank Aktiengesellschaft decreased their price target on The Goldman Sachs Group from $370.00 to $345.00 in a research report on Friday, January 6th. JMP Securities restated a "market outperform" rating and set a $470.00 target price on shares of The Goldman Sachs Group in a report on Monday, March 13th. Barclays raised their target price on The Goldman Sachs Group from $410.00 to $495.00 and gave the company an "overweight" rating in a research note on Tuesday, January 3rd. Bank of America upped their price target on shares of The Goldman Sachs Group from $384.00 to $425.00 in a research report on Thursday, March 9th. Finally, Oppenheimer decreased their price objective on shares of The Goldman Sachs Group from $463.00 to $440.00 and set an "outperform" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $397.89.
Insiders Place Their Bets
In other news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the firm's stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $10.58, for a total transaction of $39,664.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company's stock.
The Goldman Sachs Group Price Performance
Shares of GS opened at $314.85 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1 year low of $277.84 and a 1 year high of $389.58. The stock has a market cap of $105.10 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.61 and a beta of 1.42. The stock's 50-day moving average price is $351.51 and its two-hundred day moving average price is $345.83.
The Goldman Sachs Group (NYSE:GS – Get Rating) last announced its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 EPS for the quarter, missing analysts' consensus estimates of $5.25 by ($1.93). The company had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.55%. The business's revenue was down 16.2% compared to the same quarter last year. During the same period last year, the company earned $10.81 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 33.14 earnings per share for the current year.
The Goldman Sachs Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 2nd will be issued a dividend of $2.50 per share. The ex-dividend date is Wednesday, March 1st. This represents a $10.00 annualized dividend and a yield of 3.18%. The Goldman Sachs Group's dividend payout ratio is presently 33.27%.
The Goldman Sachs Group Profile
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The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.
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