Bay Capital Advisors LLC Makes New $528,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Bay Capital Advisors LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, Holdings Channel reports. The fund acquired 921 shares of the investment management company’s stock, valued at approximately $528,000.

A number of other hedge funds have also made changes to their positions in GS. PKS Advisory Services LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $269,000. Prestige Wealth Management Group LLC raised its holdings in shares of The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock worth $950,000 after purchasing an additional 18 shares in the last quarter. First American Trust FSB lifted its stake in The Goldman Sachs Group by 52.5% during the fourth quarter. First American Trust FSB now owns 19,158 shares of the investment management company’s stock valued at $10,971,000 after purchasing an additional 6,597 shares during the last quarter. TIAA Trust National Association boosted its holdings in The Goldman Sachs Group by 0.7% during the fourth quarter. TIAA Trust National Association now owns 41,979 shares of the investment management company’s stock worth $24,038,000 after buying an additional 280 shares in the last quarter. Finally, FineMark National Bank & Trust grew its position in The Goldman Sachs Group by 4.9% in the fourth quarter. FineMark National Bank & Trust now owns 3,371 shares of the investment management company’s stock worth $1,930,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GS. UBS Group raised their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup cut their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Finally, Barclays boosted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $591.93.

Insider Activity

In other news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 in the last ninety days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 2.8 %

Shares of NYSE:GS opened at $581.12 on Tuesday. 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 stock has a market cap of $181.33 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a 50 day moving average of $611.24 and a 200-day moving average of $569.86. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the business earned $5.48 EPS. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.06%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

About The Goldman Sachs Group

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.