Larson Financial Group LLC Has $932,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Larson Financial Group LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,628 shares of the investment management company’s stock after purchasing an additional 92 shares during the period. Larson Financial Group LLC’s holdings in The Goldman Sachs Group were worth $932,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $29,000. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the third quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $37,000. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Stock Down 1.4 %

NYSE:GS opened at $559.55 on Monday. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. The firm has a market capitalization of $174.60 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 stock’s 50 day moving average price is $616.96 and its two-hundred day moving average price is $566.25.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the company earned $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In other news, Director Kevin R. Johnson acquired 2,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares of the company’s stock, valued at $1,485,648. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group 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 transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last ninety days. 0.54% of the stock is owned by company insiders.

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.