Fiduciary Group LLC Invests $229,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Fiduciary Group LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 593 shares of the investment management company’s stock, valued at approximately $229,000.

Other hedge funds also recently made changes to their positions in the company. Intellectus Partners LLC increased its stake in The Goldman Sachs Group by 4.6% in the fourth quarter. Intellectus Partners LLC now owns 9,878 shares of the investment management company’s stock valued at $3,811,000 after acquiring an additional 434 shares during the last quarter. Stonebrook Private Inc. bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $611,000. Principle Wealth Partners LLC increased its stake in The Goldman Sachs Group by 1.6% in the fourth quarter. Principle Wealth Partners LLC now owns 20,154 shares of the investment management company’s stock valued at $7,775,000 after acquiring an additional 325 shares during the last quarter. Transcend Capital Advisors LLC increased its stake in The Goldman Sachs Group by 8.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 2,267 shares of the investment management company’s stock valued at $874,000 after acquiring an additional 179 shares during the last quarter. Finally, Opinicus Capital Inc. bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $607,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Edward Jones started coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. BMO Capital Markets raised their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Bank of America raised their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Stock Up 0.8 %

The Goldman Sachs Group stock opened at $430.87 on Tuesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $433.33. The stock has a market cap of $139.83 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The firm’s 50-day simple moving average is $401.20 and its 200 day simple moving average is $371.75. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the company earned $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated 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 completion of the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate 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.