The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Zhang Financial LLC

Zhang Financial LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,641 shares of the investment management company’s stock after acquiring an additional 467 shares during the period. Zhang Financial LLC’s holdings in The Goldman Sachs Group were worth $2,658,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group during the second quarter worth about $26,000. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $30,000. DT Investment Partners LLC boosted its position in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $34,000. Finally, Country Trust Bank purchased a new stake in The Goldman Sachs Group in the third quarter valued at approximately $37,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now owns 608,425 shares of the company’s stock, valued at $372,404,774. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock valued at $12,656,179 over the last quarter. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 2.3 %

GS opened at $626.84 on Monday. The business’s 50-day simple moving average is $587.22 and its 200-day simple moving average is $530.29. The company has a market cap of $196.77 billion, a P/E ratio of 18.39, a PEG ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $627.00. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.48 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 35.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GS. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. JMP Securities boosted their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays upped their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $589.19.

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.