E&G Advisors LP lifted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 62.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,501 shares of the investment management company’s stock after purchasing an additional 2,501 shares during the quarter. E&G Advisors LP’s holdings in Goldman Sachs Group were worth $1,656,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Goldman Sachs Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after acquiring an additional 304,400 shares during the period. Capital World Investors grew its stake in Goldman Sachs Group by 10.5% in the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after acquiring an additional 726,582 shares during the period. Capital Research Global Investors grew its stake in Goldman Sachs Group by 4.0% in the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after acquiring an additional 265,784 shares during the period. Greenhaven Associates Inc. grew its stake in Goldman Sachs Group by 2.5% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after acquiring an additional 91,200 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Goldman Sachs Group by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock valued at $858,366,000 after acquiring an additional 356,956 shares during the period. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price objective on the stock in a report on Friday, October 20th. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Bank of America raised their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Buckingham Research restated a “neutral” rating and issued a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Finally, Barclays raised their price objective on Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and an average price target of $250.89.

In related news, insider David M. Solomon sold 12,707 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,177 shares of company stock worth $32,435,160. Insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (GS) traded up $1.43 during midday trading on Tuesday, hitting $258.46. The stock had a trading volume of 4,443,646 shares, compared to its average volume of 2,810,000. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $97,490.00, a price-to-earnings ratio of 13.43, a PEG ratio of 0.94 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the previous year, the firm earned $4.88 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. equities research analysts expect that Goldman Sachs Group Inc will post 18.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.16%. Goldman Sachs Group’s dividend payout ratio is presently 15.58%.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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