574 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Next Level Private LLC

Next Level Private LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, HoldingsChannel reports. The firm bought 574 shares of the investment management company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Albert D Mason Inc. lifted its stake in The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 27 shares during the period. Samalin Investment Counsel LLC lifted its stake in The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after acquiring an additional 30 shares during the period. Hamilton Capital LLC lifted its stake in The Goldman Sachs Group by 4.3% during the 3rd quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 30 shares during the period. Financial Management Professionals Inc. lifted its stake in The Goldman Sachs Group by 20.4% during the 4th quarter. Financial Management Professionals Inc. now owns 177 shares of the investment management company’s stock valued at $68,000 after acquiring an additional 30 shares during the period. Finally, Atticus Wealth Management LLC lifted its stake in The Goldman Sachs Group by 8.6% during the 4th quarter. Atticus Wealth Management LLC now owns 380 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 30 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.6 %

Shares of GS stock opened at $417.82 on Thursday. The company’s 50-day moving average price is $387.82 and its 200-day moving average price is $357.13. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The stock has a market cap of $135.60 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.56 and a beta of 1.42. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the company posted $3.32 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be given a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a yield of 2.63%. The Goldman Sachs Group’s payout ratio is currently 48.20%.

Analysts Set New Price Targets

GS has been the subject of several recent research reports. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $410.00 to $430.00 in a report on Thursday, March 14th. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Edward Jones started coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $390.00 price target on shares of The Goldman Sachs Group in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $411.10.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock valued at $15,080,021 over the last 90 days. 0.54% of the stock is owned by insiders.

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.