393 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by DLK Investment Management LLC

DLK Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 393 shares of the investment management company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GS. Uncommon Cents Investing LLC lifted its holdings in The Goldman Sachs Group by 1.6% in the fourth quarter. Uncommon Cents Investing LLC now owns 1,630 shares of the investment management company’s stock worth $933,000 after buying an additional 25 shares during the period. UMB Bank n.a. grew its stake in The Goldman Sachs Group by 40.8% in the fourth quarter. UMB Bank n.a. now owns 6,666 shares of the investment management company’s stock worth $3,817,000 after purchasing an additional 1,933 shares during the period. Wealth Management Partners LLC raised its holdings in The Goldman Sachs Group by 24.7% in the fourth quarter. Wealth Management Partners LLC now owns 1,125 shares of the investment management company’s stock worth $644,000 after purchasing an additional 223 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $307,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $797,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday. Oppenheimer cut their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company increased their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $589.19.

The Goldman Sachs Group Stock Up 2.3 %

Shares of The Goldman Sachs Group stock opened at $626.84 on Monday. The company’s 50 day moving average is $587.22 and its 200 day moving average is $530.29. The company has a market cap of $196.77 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. 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 Goldman Sachs Group, Inc. has a twelve month low of $372.07 and a twelve month high of $627.00.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.48 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Insider Activity at The Goldman Sachs Group

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

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.