MCF Advisors LLC Buys 402 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

MCF Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 57.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,099 shares of the investment management company’s stock after buying an additional 402 shares during the period. MCF Advisors LLC’s holdings in The Goldman Sachs Group were worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Trust Co. raised its stake in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $32,000. Wetzel Investment Advisors Inc. bought a new position in The Goldman Sachs Group in the 4th quarter worth about $42,000. Finally, CNB Bank raised its holdings in shares of The Goldman Sachs Group by 55.7% in the third quarter. CNB Bank now owns 165 shares of the investment management company’s stock worth $53,000 after buying an additional 59 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on GS. Royal Bank of Canada lifted their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. 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 research report on Tuesday, April 16th. JMP Securities raised their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $4.41 during trading hours on Monday, hitting $408.41. 738,616 shares of the company’s stock traded hands, compared to its average volume of 2,353,533. The firm has a market cap of $132.54 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.30 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. The business’s fifty day simple moving average is $396.43 and its two-hundred day simple moving average is $367.03. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the business earned $8.79 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 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, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.69%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction 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 owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold 35,907 shares of company stock valued at $13,950,851 in the last ninety days. 0.57% of the stock is currently owned by company 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.