Insight Advisors LLC PA Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Insight Advisors LLC PA increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 545 shares of the investment management company’s stock after acquiring an additional 29 shares during the period. Insight Advisors LLC PA’s holdings in The Goldman Sachs Group were worth $313,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Brookstone Capital Management lifted its holdings in shares of The Goldman Sachs Group by 19.9% in the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock worth $2,268,000 after acquiring an additional 761 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in The Goldman Sachs Group in the third quarter worth about $99,000. Marcum Wealth LLC boosted its position in shares of The Goldman Sachs Group by 1.3% during the third quarter. Marcum Wealth LLC now owns 3,833 shares of the investment management company’s stock valued at $1,898,000 after buying an additional 49 shares during the period. Wedmont Private Capital raised its holdings in shares of The Goldman Sachs Group by 6.9% in the third quarter. Wedmont Private Capital now owns 4,524 shares of the investment management company’s stock worth $2,238,000 after buying an additional 291 shares during the period. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in shares of The Goldman Sachs Group by 13.2% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 16,907 shares of the investment management company’s stock worth $8,371,000 after acquiring an additional 1,965 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GS. Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods raised their target price 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 boosted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price objective on 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Up 1.9 %

Shares of GS stock opened at $657.47 on Friday. The stock’s fifty day moving average price is $598.03 and its 200 day moving average price is $544.50. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $658.85. The company has a market cap of $204.11 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates 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 was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.48 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.83%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 over the last ninety days. 0.57% of the stock is currently owned by insiders.

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.