AlphaStar Capital Management LLC Buys Shares of 365 The Goldman Sachs Group, Inc. (NYSE:GS)

AlphaStar Capital Management LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 365 shares of the investment management company’s stock, valued at approximately $209,000.

Several other institutional investors have also recently made changes to their positions in GS. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $26,000. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. DT Investment Partners LLC increased its holdings in 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 worth $31,000 after acquiring an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $38,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS stock opened at $655.76 on Monday. The company has a market cap of $203.58 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $663.87. The stock’s 50 day simple moving average is $600.00 and its two-hundred day simple moving average is $546.84. 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 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, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid 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 1.83%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. Morgan Stanley increased their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Oppenheimer decreased their target price 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. Bank of America upped their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $591.06.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,475 shares of company stock valued at $19,692,543. Company insiders own 0.54% 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.