Wealth Enhancement Advisory Services LLC raised its position in Goldman Sachs Group Inc (NYSE:GS) by 46.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,997 shares of the investment management company’s stock after acquiring an additional 3,796 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Goldman Sachs Group were worth $2,430,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Essex Savings Bank acquired a new position in Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV boosted its holdings in Goldman Sachs Group by 3,087.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 255 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 247 shares in the last quarter. Ayalon Holdings Ltd. acquired a new position in Goldman Sachs Group in the fourth quarter valued at approximately $51,000. Signet Investment Advisory Group Inc. acquired a new position in Goldman Sachs Group in the fourth quarter valued at approximately $51,000. Finally, First Command Bank boosted its holdings in Goldman Sachs Group by 46.5% in the fourth quarter. First Command Bank now owns 315 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 100 shares in the last quarter. 74.86% of the stock is owned by institutional investors.
GS has been the subject of a number of research reports. BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, January 21st. Morgan Stanley reduced their price objective on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 price objective for the company in a research note on Tuesday, November 13th. Barclays reiterated an “equal weight” rating and issued a $247.00 price objective (down previously from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Finally, Bank of America reduced their price objective on Goldman Sachs Group to $280.00 in a research note on Sunday, December 2nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $254.88.
Shares of Goldman Sachs Group stock traded up $0.51 during trading hours on Monday, hitting $192.18. 459,385 shares of the company were exchanged, compared to its average volume of 3,932,353. Goldman Sachs Group Inc has a 1 year low of $151.70 and a 1 year high of $275.31. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $71.30 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.22.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.89. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. Goldman Sachs Group’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.68 earnings per share. As a group, equities research analysts anticipate that Goldman Sachs Group Inc will post 23.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, February 27th. Goldman Sachs Group’s payout ratio is 12.66%.
In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.71% of the company’s stock.
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Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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