The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Vest Financial LLC

Vest Financial LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,797 shares of the investment management company’s stock after buying an additional 287 shares during the period. Vest Financial LLC’s holdings in The Goldman Sachs Group were worth $1,029,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC increased its stake in The Goldman Sachs Group by 2.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 9,532 shares of the investment management company’s stock worth $5,458,000 after purchasing an additional 217 shares in the last quarter. Shepherd Financial Partners LLC increased its position in shares of The Goldman Sachs Group by 0.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 5,412 shares of the investment management company’s stock worth $3,099,000 after acquiring an additional 21 shares in the last quarter. BLB&B Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $222,000. Platform Technology Partners grew its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Platform Technology Partners now owns 5,266 shares of the investment management company’s stock worth $3,016,000 after purchasing an additional 54 shares in the last quarter. Finally, Realta Investment Advisors lifted its holdings in shares of The Goldman Sachs Group by 790.8% in the fourth quarter. Realta Investment Advisors now owns 1,158 shares of the investment management company’s stock valued at $672,000 after purchasing an additional 1,028 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value 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 approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 in the last 90 days. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS stock opened at $655.76 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $375.20 and a 12 month high of $663.87. The company has a market cap of $203.58 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The business’s 50 day moving average is $600.00 and its two-hundred day moving average is $546.84.

The Goldman Sachs Group (NYSE:GS) last posted its 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 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 analyst estimates of $12.36 billion. During the same period last year, the business posted $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Investors 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 annualized dividend and a dividend yield of 1.83%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Citigroup boosted their price objective on shares of 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. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Oppenheimer dropped their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.06.

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.