Delta Financial Group Inc. Buys 115 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Delta Financial Group Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,184 shares of the investment management company’s stock after buying an additional 115 shares during the quarter. Delta Financial Group Inc.’s holdings in The Goldman Sachs Group were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GS. Jackson Grant Investment Advisers Inc. grew its holdings in The Goldman Sachs Group by 10.9% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 16 shares during the last quarter. Ledyard National Bank grew its stake in The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock worth $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC increased its holdings in The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after purchasing an additional 16 shares during the period. Genesee Capital Advisors LLC raised its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after purchasing an additional 17 shares in the last quarter. Finally, Horst & Graben Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1.5% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after buying an additional 17 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % 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, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now directly owns 4,552 shares in the company, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 over the last quarter. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Oppenheimer dropped their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Citigroup upped their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $593.56.

The Goldman Sachs Group Trading Down 2.6 %

NYSE GS opened at $625.70 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The company has a fifty day simple moving average of $611.58 and a two-hundred day simple moving average of $558.32. 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 market cap of $195.24 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the business posted $5.48 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 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.