The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by MONECO Advisors LLC

MONECO Advisors LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 46.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,358 shares of the investment management company’s stock after buying an additional 430 shares during the period. MONECO Advisors LLC’s holdings in The Goldman Sachs Group were worth $778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GS. Mizuho Securities USA LLC grew its holdings in The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after buying an additional 161,133 shares during the last quarter. FMR LLC boosted its position in shares of The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after buying an additional 521,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of The Goldman Sachs Group by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after buying an additional 18,541 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after acquiring an additional 62,246 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $625.70 on Monday. The Goldman Sachs Group, Inc. has a 1 year low of $381.42 and a 1 year high of $672.19. The company’s 50 day simple moving average is $611.58 and its 200 day simple moving average is $558.92. The stock has a market capitalization of $195.24 billion, a PE ratio of 15.43, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the firm posted $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company 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. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,475 shares of company stock valued at $19,692,543. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GS. Barclays lifted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group upped their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Citigroup raised 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. Keefe, Bruyette & Woods boosted 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, January 16th. Finally, Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $593.56.

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.