Nilsine Partners LLC Raises Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Nilsine Partners LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 56.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,079 shares of the investment management company’s stock after purchasing an additional 1,835 shares during the quarter. Nilsine Partners LLC’s holdings in The Goldman Sachs Group were worth $2,908,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $1,040,000. Ascent Group LLC grew its position in shares of The Goldman Sachs Group by 34.0% during the 2nd quarter. Ascent Group LLC now owns 1,477 shares of the investment management company’s stock worth $668,000 after buying an additional 375 shares in the last quarter. Creative Planning raised its holdings in shares of The Goldman Sachs Group by 6.7% in the 2nd quarter. Creative Planning now owns 74,446 shares of the investment management company’s stock valued at $33,674,000 after purchasing an additional 4,661 shares in the last quarter. Magnolia Capital Advisors LLC raised its position in shares of The Goldman Sachs Group by 159.8% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 3,991 shares of the investment management company’s stock worth $1,805,000 after acquiring an additional 2,455 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in The Goldman Sachs Group by 25.8% during the second quarter. NewEdge Advisors LLC now owns 18,696 shares of the investment management company’s stock valued at $8,457,000 after acquiring an additional 3,833 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Down 0.7 %

The Goldman Sachs Group stock opened at $632.13 on Tuesday. The stock has a market cap of $198.43 billion, a PE ratio of 15.59, a P/E/G ratio of 0.88 and a beta of 1.38. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average price of $591.21 and a 200 day moving average price of $536.52. The Goldman Sachs Group, Inc. has a 52 week low of $374.24 and a 52 week high of $645.54.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the firm posted $5.48 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.90%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,017 shares of company stock worth $19,655,538 in the last ninety days. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GS. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their price objective on shares of 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. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. UBS Group boosted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, Citigroup raised their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.