391 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 391 shares of the investment management company’s stock, valued at approximately $224,000.

Several other institutional investors have also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in The Goldman Sachs Group by 36.9% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,495 shares of the investment management company’s stock valued at $1,429,000 after buying an additional 673 shares during the last quarter. High Net Worth Advisory Group LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $644,000. Crescent Grove Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 22.7% in the 4th quarter. Crescent Grove Advisors LLC now owns 502 shares of the investment management company’s stock valued at $287,000 after acquiring an additional 93 shares during the last quarter. Marshall Financial Group LLC increased its stake in shares of The Goldman Sachs Group by 32.5% in the fourth quarter. Marshall Financial Group LLC now owns 562 shares of the investment management company’s stock worth $322,000 after acquiring an additional 138 shares during the period. Finally, Park Edge Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth $703,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GS shares. Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Barclays raised their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Transactions 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 shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated 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 owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,017 shares of company stock worth $19,655,538 in the last ninety days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $636.80 on Monday. The business’s 50 day moving average price is $591.21 and its 200-day moving average price is $536.11. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54. 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 has a market capitalization of $199.90 billion, a PE ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

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.