Vestmark Advisory Solutions Inc. Buys Shares of 787 The Goldman Sachs Group, Inc. (NYSE:GS)

Vestmark Advisory Solutions Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, HoldingsChannel.com reports. The firm bought 787 shares of the investment management company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brown Advisory Inc. increased its stake in The Goldman Sachs Group by 15.6% in the third quarter. Brown Advisory Inc. now owns 13,462 shares of the investment management company’s stock valued at $4,356,000 after purchasing an additional 1,812 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of The Goldman Sachs Group by 15.0% in the 3rd quarter. Lindbrook Capital LLC now owns 652 shares of the investment management company’s stock valued at $211,000 after buying an additional 85 shares in the last quarter. Brighton Jones LLC increased its position in shares of The Goldman Sachs Group by 4.5% in the 3rd quarter. Brighton Jones LLC now owns 2,759 shares of the investment management company’s stock valued at $893,000 after buying an additional 119 shares in the last quarter. Cambridge Trust Co. raised its stake in The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in The Goldman Sachs Group by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,021 shares of the investment management company’s stock worth $26,217,000 after acquiring an additional 1,370 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada raised their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. UBS Group raised their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Edward Jones began coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Citigroup raised their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Evercore ISI upped their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $437.04.

Insiders Place Their Bets

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on 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 transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on 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 directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold 29,330 shares of company stock worth $11,713,578 in the last 90 days. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Up 1.2 %

GS opened at $443.56 on Tuesday. The stock’s fifty day simple moving average is $405.66 and its 200 day simple moving average is $376.21. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $444.38. The stock has a market cap of $143.95 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last issued 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 company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.79 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

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.