The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,956 shares of the investment management company’s stock after acquiring an additional 132 shares during the period. Avestar Capital LLC’s holdings in The Goldman Sachs Group were worth $1,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Morris Financial Concepts Inc. raised its holdings in shares of The Goldman Sachs Group by 3.5% in the fourth quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company’s stock worth $307,000 after acquiring an additional 18 shares during the last quarter. Hemington Wealth Management raised its stake in The Goldman Sachs Group by 9.8% in the 4th quarter. Hemington Wealth Management now owns 290 shares of the investment management company’s stock valued at $166,000 after purchasing an additional 26 shares during the last quarter. Castle Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 42.7% in the 4th quarter. Castle Wealth Management LLC now owns 1,943 shares of the investment management company’s stock valued at $1,113,000 after purchasing an additional 581 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 81.6% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 2,001 shares of the investment management company’s stock worth $1,146,000 after purchasing an additional 899 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $5,410,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $649.19 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $375.77 and a 1-year high of $663.87. The company has a market capitalization of $201.54 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.91 and a beta of 1.39. The business has a 50-day moving average of $602.89 and a 200-day moving average of $550.12.

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 for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 EPS. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company 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. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.85%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the company’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 directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 in the last ninety days. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley upped 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 research note on Thursday, January 16th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price objective 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 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. Finally, 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Company 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.