O Neil Global Advisors Inc. Increases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

O Neil Global Advisors Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,010 shares of the investment management company’s stock after purchasing an additional 680 shares during the quarter. The Goldman Sachs Group accounts for about 1.0% of O Neil Global Advisors Inc.’s investment portfolio, making the stock its 10th largest holding. O Neil Global Advisors Inc.’s holdings in The Goldman Sachs Group were worth $3,441,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. WP Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $206,000. Centricity Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $49,000. Waterfront Wealth Inc. boosted its position in shares of The Goldman Sachs Group by 6.8% in the 4th quarter. Waterfront Wealth Inc. now owns 821 shares of the investment management company’s stock valued at $470,000 after purchasing an additional 52 shares during the period. Trinity Legacy Partners LLC boosted its position in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Trinity Legacy Partners LLC now owns 2,507 shares of the investment management company’s stock valued at $1,436,000 after purchasing an additional 26 shares during the period. Finally, Aspen Investment Management Inc boosted its position in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Aspen Investment Management Inc now owns 6,087 shares of the investment management company’s stock valued at $3,485,000 after purchasing an additional 59 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $593.56.

The Goldman Sachs Group Trading Down 3.8 %

Shares of GS opened at $642.81 on Friday. 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 company has a market cap of $200.58 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.93 and a beta of 1.39. The stock has a fifty day moving average price of $610.78 and a two-hundred day moving average price of $556.55. The Goldman Sachs Group, Inc. has a 52-week low of $381.26 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the business posted $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

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.