Atria Wealth Solutions Inc. Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Atria Wealth Solutions Inc. lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,004 shares of the investment management company’s stock after purchasing an additional 788 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in The Goldman Sachs Group were worth $4,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GS. Cambridge Trust Co. grew its holdings in shares of 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 valued at $29,000 after purchasing an additional 41 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $32,000. Wetzel Investment Advisors Inc. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $42,000. Finally, CNB Bank boosted its stake in The Goldman Sachs Group by 55.7% during 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 period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on GS. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. HSBC lifted their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Bank of America lifted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Stock Performance

GS stock opened at $427.37 on Friday. 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 business has a 50-day moving average price of $400.27 and a 200 day moving average price of $370.11. The company has a market capitalization of $138.69 billion, a P/E ratio of 16.69, a PEG ratio of 1.35 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $428.53.

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 for the quarter, beating 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 during the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the previous year, the company posted $8.79 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.57%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

About The Goldman Sachs Group

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.