Journey Advisory Group LLC Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Journey Advisory Group LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,851 shares of the investment management company’s stock after purchasing an additional 176 shares during the period. Journey Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $1,871,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its holdings in The Goldman Sachs Group by 7.8% in the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after purchasing an additional 412,383 shares during the last quarter. Fisher Asset Management LLC grew its stake in The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after buying an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in The Goldman Sachs Group by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after buying an additional 27,524 shares in the last quarter. Northern Trust Corp raised its stake in The Goldman Sachs Group by 3.2% in the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after buying an additional 104,424 shares during the last quarter. Finally, Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $1,120,119,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GS. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a report on Tuesday, April 16th. Citigroup raised their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Oppenheimer increased their price target on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $440.57.

Insider Activity

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Down 0.3 %

Shares of GS stock traded down $1.37 during trading on Tuesday, hitting $459.81. 1,920,570 shares of the stock traded hands, compared to its average volume of 2,343,079. The firm has a market capitalization of $148.27 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $471.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The firm’s fifty day moving average price is $426.69 and its 200-day moving average price is $392.12.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the previous year, the firm earned $8.79 EPS. The business’s revenue was up 16.1% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 36.57 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

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.