Successful Portfolios LLC Purchases New Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Successful Portfolios LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 527 shares of the investment management company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in The Goldman Sachs Group by 0.4% during the 2nd quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock worth $6,393,539,000 after buying an additional 76,641 shares during the last quarter. Morgan Stanley grew its position in shares of The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after buying an additional 1,696,350 shares during the last quarter. Bank of New York Mellon Corp raised its stake in The Goldman Sachs Group by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock worth $1,396,236,000 after acquiring an additional 52,016 shares in the last quarter. Northern Trust Corp lifted its position in The Goldman Sachs Group by 3.2% in the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after acquiring an additional 104,424 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of The Goldman Sachs Group by 6.1% during the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after purchasing an additional 159,512 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, January 18th. JMP Securities reaffirmed a “market outperform” rating and set a $440.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, January 17th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Oppenheimer lowered their target price on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $411.10.

The Goldman Sachs Group Trading Up 0.6 %

NYSE:GS traded up $2.44 on Thursday, hitting $417.69. 2,400,424 shares of the stock were exchanged, compared to its average volume of 2,341,559. The stock has a fifty day moving average of $388.58 and a 200-day moving average of $357.54. The stock has a market cap of $135.55 billion, a PE ratio of 18.30, a PEG ratio of 1.56 and a beta of 1.42. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. 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 Goldman Sachs Group (NYSE:GS) last issued 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 business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm posted $3.32 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 48.20%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders sold a total of 38,907 shares of company stock valued at $15,080,021 in the last ninety days. Insiders own 0.54% of the company’s stock.

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.