Zhang Financial LLC Purchases 107 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Zhang Financial LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,375 shares of the investment management company’s stock after purchasing an additional 107 shares during the period. Zhang Financial LLC’s holdings in The Goldman Sachs Group were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GS. Albert D Mason Inc. increased its holdings in The Goldman Sachs Group by 4.3% in the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 27 shares during the period. Mayflower Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the period. Avitas Wealth Management LLC increased its holdings in The Goldman Sachs Group by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the period. Samalin Investment Counsel LLC increased its holdings in The Goldman Sachs Group by 3.5% in the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the period. Finally, Hamilton Capital LLC increased its holdings in The Goldman Sachs Group by 4.3% in the third quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 30 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,277 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,277 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the transaction, the insider now directly owns 6,501 shares in the company, valued at approximately $2,469,144.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,907 shares of company stock valued at $13,950,851. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

GS stock opened at $404.00 on Friday. The stock has a market capitalization of $131.11 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The company’s 50-day moving average is $396.43 and its 200-day moving average is $366.20. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter in the prior year, the firm earned $8.79 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.41 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.72%. The Goldman Sachs Group’s payout ratio is 42.95%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. Barclays increased their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Oppenheimer increased their price objective on The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a report on Tuesday. Edward Jones assumed coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, Bank of America increased their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $434.93.

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.