Patrick M Sweeney & Associates Inc. Buys Shares of 1,303 The Goldman Sachs Group, Inc. (NYSE:GS)

Patrick M Sweeney & Associates Inc. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,303 shares of the investment management company’s stock, valued at approximately $503,000.

A number of other large investors also recently added to or reduced their stakes in the business. Cambridge Trust Co. raised its position in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. Truvestments Capital LLC raised its position in shares of The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 44 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $32,000. Signature Resources Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $42,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on 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 completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock valued at $11,713,578 in the last quarter. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 0.7 %

Shares of NYSE:GS traded up $3.15 during midday trading on Wednesday, hitting $446.95. The stock had a trading volume of 1,990,321 shares, compared to its average volume of 2,363,095. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $448.02. 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 business’s 50-day simple moving average is $406.72 and its 200-day simple moving average is $377.23. The company has a market cap of $145.05 billion, a P/E ratio of 17.40, a PEG ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 net margin of 8.17% and a return on equity of 8.65%. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the business earned $8.79 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders 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 2.46%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Analyst Ratings Changes

Several analysts have commented on the stock. 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 stock from $410.00 to $430.00 in a report on Thursday, March 14th. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Evercore ISI raised 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 report on Tuesday, April 16th. Finally, 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. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $440.57.

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.