Navalign LLC Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Navalign LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,724 shares of the investment management company’s stock after purchasing an additional 137 shares during the period. Navalign LLC’s holdings in The Goldman Sachs Group were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in GS. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at about $32,000. Cambridge Trust Co. grew its position in The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Truvestments Capital LLC grew its position in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Pacific Center for Financial Services purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $34,000. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on GS. Oppenheimer decreased their price objective on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $390.00 target price on shares of The Goldman Sachs Group in a report on Wednesday. BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. JMP Securities reiterated a “market outperform” rating and issued a $440.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. Finally, Barclays lifted their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $411.10.

The Goldman Sachs Group Trading Up 0.6 %

Shares of GS stock traded up $2.44 on Thursday, hitting $417.69. The stock had a trading volume of 2,388,627 shares, compared to its average volume of 2,341,799. The firm has a market cap of $135.55 billion, a P/E ratio of 18.30, a PEG ratio of 1.56 and a beta of 1.42. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20. The company has a fifty day moving average price of $388.58 and a two-hundred day moving average price of $357.54.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the firm posted $3.32 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.63%. The Goldman Sachs Group’s payout ratio is presently 48.20%.

Insider Buying and Selling

In other news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the sale, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,907 shares of company stock worth $15,080,021. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group 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.