440 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 440 shares of the investment management company’s stock, valued at approximately $252,000.

Several other hedge funds have also added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $38,000. Finally, JDM Financial Group LLC bought a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $42,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was 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 of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,475 shares of company stock worth $19,692,543. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $625.70 on Monday. 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 company’s fifty day moving average price is $611.58 and its two-hundred day moving average price is $558.92. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The company has a market cap of $195.24 billion, a price-to-earnings ratio of 15.43, a PEG 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 the consensus estimate of $12.36 billion. During the same quarter in the prior year, the company posted $5.48 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 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 yield of 1.92%. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup raised their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised 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 report on Thursday, January 16th. Finally, Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $593.56.

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.