ACT Wealth Management LLC Purchases New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

ACT Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 523 shares of the investment management company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new position in shares of The Goldman Sachs Group during the first quarter worth approximately $66,000. Candriam Luxembourg S.C.A. boosted its stake in The Goldman Sachs Group by 1,505.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after purchasing an additional 38,727 shares during the period. Baird Financial Group Inc. boosted its stake in The Goldman Sachs Group by 18.5% in the 1st quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after purchasing an additional 18,540 shares during the period. Zions Bancorporation N.A. raised its holdings in shares of The Goldman Sachs Group by 79.4% in the 1st quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock valued at $273,000 after acquiring an additional 366 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of The Goldman Sachs Group by 118.3% in the 1st quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock valued at $102,000 after acquiring an additional 168 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GS shares. Royal Bank of Canada reissued a “sector perform” rating and set a $390.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday. HSBC lifted their price target on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. UBS Group boosted their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, Barclays upped their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $411.10.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock worth $15,080,021 in the last 90 days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 0.3 %

GS opened at $416.34 on Thursday. The stock’s fifty day moving average is $387.82 and its two-hundred day moving average is $357.13. The company has a market capitalization of $135.11 billion, a P/E ratio of 18.20, a PEG ratio of 1.56 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $416.76. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $1.86. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.32 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a yield of 2.64%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 48.20%.

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.