Concord Asset Management LLC VA Has $2.75 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Concord Asset Management LLC VA grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,799 shares of the investment management company’s stock after buying an additional 455 shares during the period. Concord Asset Management LLC VA’s holdings in The Goldman Sachs Group were worth $2,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter worth about $30,000. DT Investment Partners LLC grew its position in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Country Trust Bank acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $37,000. Finally, Capital Performance Advisors LLP bought a new position in The Goldman Sachs Group in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JMP Securities upped their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their price target on 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. Finally, Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $640.15 on Friday. The company has a market capitalization of $198.73 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $650.00. The company has a 50-day simple moving average of $595.32 and a 200 day simple moving average of $540.14.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company 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 business earned $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insiders Place Their Bets

In other news, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,865 shares of company stock worth $25,286,862 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.