Carrera Capital Advisors Makes New $211,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Carrera Capital Advisors purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 368 shares of the investment management company’s stock, valued at approximately $211,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Keybank National Association OH raised its stake in The Goldman Sachs Group by 6.4% during the fourth quarter. Keybank National Association OH now owns 9,881 shares of the investment management company’s stock worth $5,658,000 after purchasing an additional 592 shares during the period. Westover Capital Advisors LLC raised its position in shares of The Goldman Sachs Group by 4.7% during the 4th quarter. Westover Capital Advisors LLC now owns 10,765 shares of the investment management company’s stock valued at $6,164,000 after buying an additional 485 shares during the period. Exencial Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group by 92.5% during the 4th quarter. Exencial Wealth Advisors LLC now owns 1,817 shares of the investment management company’s stock valued at $1,040,000 after buying an additional 873 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in The Goldman Sachs Group by 1.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 25,163 shares of the investment management company’s stock worth $14,409,000 after acquiring an additional 372 shares during the last quarter. Finally, Pinion Investment Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $650,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GS. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Morgan Stanley boosted their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Price Performance

Shares of GS opened at $579.88 on Wednesday. The firm has a market capitalization of $180.95 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.89 and a beta of 1.39. The firm’s fifty day simple moving average is $617.36 and its 200-day simple moving average is $564.69. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $5.48 earnings per share. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by corporate 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.