Atria Investments Inc Has $13.71 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Atria Investments Inc lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,947 shares of the investment management company’s stock after purchasing an additional 2,478 shares during the period. Atria Investments Inc’s holdings in The Goldman Sachs Group were worth $13,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GS. Swedbank AB grew its holdings in shares of The Goldman Sachs Group by 4.2% during the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after buying an additional 13,730 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of The Goldman Sachs Group by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 6,157 shares of the investment management company’s stock worth $3,184,000 after acquiring an additional 71 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $58,000. FSM Wealth Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $203,000. Finally, United Advisor Group LLC boosted its stake in shares of The Goldman Sachs Group by 14.2% during the 3rd quarter. United Advisor Group LLC now owns 1,402 shares of the investment management company’s stock worth $694,000 after acquiring an additional 174 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the subject of several recent analyst reports. Oppenheimer decreased their price target 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. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. UBS Group boosted their price objective 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. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

Insider Activity

In related news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction that occurred 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 sale, the treasurer now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 2.2 %

The Goldman Sachs Group stock opened at $594.05 on Thursday. The business has a 50 day moving average price of $617.59 and a two-hundred day moving average price of $564.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $185.37 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19.

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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the company posted $5.48 EPS. The company’s revenue was up 22.5% compared to the same quarter last year. As a group, equities analysts forecast 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. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.02%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.