Arkadios Wealth Advisors Increases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Arkadios Wealth Advisors grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,767 shares of the investment management company’s stock after purchasing an additional 205 shares during the quarter. Arkadios Wealth Advisors’ holdings in The Goldman Sachs Group were worth $3,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Quest Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 63 shares during the period. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter worth approximately $30,000. DT Investment Partners LLC increased its holdings in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 2.3 %

Shares of NYSE GS opened at $626.84 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 firm’s 50-day moving average is $586.47 and its two-hundred day moving average is $528.71. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $627.00. The company has a market capitalization of $196.77 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38.

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 company 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 11.39% and a net margin of 9.89%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 earnings per share. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. lifted 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 research note on Thursday. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley increased 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. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $589.19.

Insider Activity at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares of the company’s stock, valued at $372,404,774. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,940 shares of company stock valued at $12,656,179. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group 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.