627 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by New Potomac Partners LLC

New Potomac Partners LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 627 shares of the investment management company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Albert D Mason Inc. raised its position in The Goldman Sachs Group by 4.3% during the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 27 shares during the period. Samalin Investment Counsel LLC raised its position in The Goldman Sachs Group by 3.5% during the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the period. Hamilton Capital LLC raised its position in The Goldman Sachs Group by 4.3% during the third quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 30 shares during the period. Financial Management Professionals Inc. raised its position in The Goldman Sachs Group by 20.4% during the fourth quarter. Financial Management Professionals Inc. now owns 177 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 30 shares during the period. Finally, Atticus Wealth Management LLC raised its position in The Goldman Sachs Group by 8.6% during the fourth quarter. Atticus Wealth Management LLC now owns 380 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 30 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Up 0.6 %

GS opened at $417.69 on Friday. The firm has a market cap of $135.55 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.60 and a beta of 1.42. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $419.20. The stock has a fifty day moving average price of $390.11 and a 200-day moving average price of $358.60.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping the consensus estimate of $3.62 by $1.86. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.32 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is 48.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GS shares. Barclays upped 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. BMO Capital Markets raised their price target on The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. Edward Jones initiated coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating for the company. UBS Group raised their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $411.10.

Get Our Latest Analysis on GS

Insider Transactions at The Goldman Sachs Group

In related news, 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 transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, 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 transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 10,121 shares in the company, valued at $3,809,443.19. The disclosure for this sale can be found here. In the last three months, insiders sold 38,907 shares of company stock valued at $15,080,021. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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