The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 31.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,757 shares of the investment management company’s stock after purchasing an additional 4,766 shares during the quarter. Jones Financial Companies Lllp’s holdings in The Goldman Sachs Group were worth $11,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $34,000. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $37,000. Finally, Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 2.8 %

Shares of NYSE:GS opened at $604.84 on Tuesday. The company’s fifty day moving average is $617.42 and its two-hundred day moving average is $564.16. 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 1-year low of $381.42 and a 1-year high of $672.19. The stock has a market capitalization of $188.73 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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

The Goldman Sachs Group Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.98%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GS shares. Citigroup boosted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. UBS Group upped their price objective on shares of 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. JPMorgan Chase & Co. lifted their target price on 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. Barclays increased their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Oppenheimer lowered their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.69.

Insider Activity at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last 90 days. 0.54% of the stock is currently owned by company insiders.

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.