Etesian Wealth Advisors Inc. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,468 shares of the investment management company’s stock after selling 40 shares during the period. Etesian Wealth Advisors Inc.’s holdings in The Goldman Sachs Group were worth $841,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its holdings in shares of The Goldman Sachs Group by 0.8% during the 4th quarter. Bleakley Financial Group LLC now owns 11,802 shares of the investment management company’s stock worth $6,758,000 after purchasing an additional 97 shares during the period. Brandywine Oak Private Wealth LLC raised its stake in shares of The Goldman Sachs Group by 9.2% in the 4th quarter. Brandywine Oak Private Wealth LLC now owns 1,143 shares of the investment management company’s stock valued at $655,000 after acquiring an additional 96 shares during the period. Insight Advisors LLC PA boosted its position in shares of The Goldman Sachs Group by 5.6% during the 4th quarter. Insight Advisors LLC PA now owns 545 shares of the investment management company’s stock worth $313,000 after purchasing an additional 29 shares during the period. NovaPoint Capital LLC increased its holdings in The Goldman Sachs Group by 2.8% in the 4th quarter. NovaPoint Capital LLC now owns 10,734 shares of the investment management company’s stock valued at $6,147,000 after purchasing an additional 290 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in The Goldman Sachs Group by 3.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,014 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 36 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.
The Goldman Sachs Group Stock Performance
Shares of GS opened at $645.13 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 52-week low of $375.20 and a 52-week high of $650.00. The stock has a 50 day moving average price of $597.24 and a 200 day moving average price of $543.79. The company has a market capitalization of $200.28 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.
The Goldman Sachs Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.86%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.
Insider Buying and Selling at The Goldman Sachs Group
In other news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,475 shares of company stock worth $19,692,543. 0.57% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research firms have recently commented on GS. Evercore ISI raised their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $591.06.
Check Out Our Latest Report on The Goldman Sachs Group
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.
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