Foundations Investment Advisors LLC Boosts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Foundations Investment Advisors LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 360.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,315 shares of the investment management company’s stock after acquiring an additional 6,511 shares during the period. Foundations Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $4,761,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Mizuho Securities USA LLC boosted its position in The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after acquiring an additional 161,133 shares in the last quarter. FMR LLC boosted its position in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in The Goldman Sachs Group by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after purchasing an additional 18,541 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of The Goldman Sachs Group by 3.9% in the third quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after buying an additional 62,246 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.7 %

GS stock opened at $632.13 on Tuesday. The Goldman Sachs Group, Inc. has a one year low of $374.24 and a one year high of $645.54. The firm has a market cap of $198.43 billion, a PE ratio of 15.59, a PEG ratio of 0.88 and a beta of 1.38. The firm’s 50 day moving average price is $591.21 and its 200-day moving average price is $536.52. 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 posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.48 earnings per share. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, February 28th. 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 firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,017 shares of company stock worth $19,655,538 over the last three months. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GS. Wells Fargo & Company lifted their price target on shares of 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. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, JMP Securities raised their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group 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.