Meeder Advisory Services Inc. Has $4.39 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Meeder Advisory Services Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,669 shares of the investment management company’s stock after buying an additional 124 shares during the quarter. Meeder Advisory Services Inc.’s holdings in The Goldman Sachs Group were worth $4,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $37,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 in the last quarter. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GS. Citigroup cut their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $591.87.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $548.52 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm’s fifty day simple moving average is $604.83 and its two-hundred day simple moving average is $573.37. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19. The stock has a market capitalization of $171.16 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The company 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 firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.48 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.19%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.