Activest Wealth Management Boosts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Activest Wealth Management lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 527.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138 shares of the investment management company’s stock after buying an additional 116 shares during the period. Activest Wealth Management’s holdings in The Goldman Sachs Group were worth $53,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Trust Co. grew its holdings in 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 worth $29,000 after acquiring an additional 41 shares during the last quarter. Truvestments Capital LLC raised its position in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $32,000. Pacific Center for Financial Services bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth approximately $33,000. Finally, Worth Asset Management LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at approximately $33,000. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 12,680 shares of the 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 sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction on 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 sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’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 completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. In the last quarter, 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 Price Performance

GS opened at $417.69 on Friday. The firm has a market cap of $135.55 billion, a PE ratio of 18.30, a P/E/G ratio of 1.60 and a beta of 1.42. The stock has a 50-day moving average price of $390.11 and a 200-day moving average price of $358.60. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the company earned $3.32 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a dividend of $2.75 per share. The ex-dividend date was Wednesday, February 28th. This represents a $11.00 annualized dividend and a yield of 2.63%. The Goldman Sachs Group’s dividend payout ratio is 48.20%.

Analysts Set New Price Targets

A number of analysts recently commented on GS shares. HSBC raised their price target on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Oppenheimer cut their price objective on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Finally, BMO Capital Markets increased their target price on The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $411.10.

Check Out Our Latest Analysis on GS

About The Goldman Sachs Group

(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.

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

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