Highland Capital Management LLC Purchases 187 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Highland Capital Management LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,800 shares of the investment management company’s stock after acquiring an additional 187 shares during the period. The Goldman Sachs Group accounts for about 1.0% of Highland Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Highland Capital Management LLC’s holdings in The Goldman Sachs Group were worth $16,511,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GS. First Foundation Advisors increased its position in The Goldman Sachs Group by 18.4% during the 2nd quarter. First Foundation Advisors now owns 1,771 shares of the investment management company’s stock valued at $571,000 after buying an additional 275 shares in the last quarter. TBH Global Asset Management LLC increased its position in The Goldman Sachs Group by 2.0% during the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 72 shares in the last quarter. Congress Wealth Management LLC DE increased its position in The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares in the last quarter. Syon Capital LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at $1,395,000. Finally, Fort Point Capital Partners LLC boosted its stake in The Goldman Sachs Group by 11.1% during the 2nd quarter. Fort Point Capital Partners LLC now owns 728 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on GS shares. Barclays increased their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Oppenheimer cut their target price on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $390.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday. UBS Group increased their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $407.75.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,907 shares of company stock valued at $15,080,021. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $415.21 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The business’s 50-day simple moving average is $387.82 and its two-hundred day simple moving average is $357.13. The stock has a market cap of $134.75 billion, a PE ratio of 18.20, a P/E/G ratio of 1.56 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $416.76.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $3.32 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be issued a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 annualized dividend and a dividend yield of 2.65%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 48.20%.

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.