Next Level Private LLC Makes New $221,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Next Level Private LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 574 shares of the investment management company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $32,000. Cambridge Trust Co. increased its stake in shares of The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Truvestments Capital LLC increased its stake in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Pacific Center for Financial Services acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $33,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth about $34,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 0.6 %

Shares of GS opened at $417.82 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. The stock has a market capitalization of $135.60 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.56 and a beta of 1.42. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average of $387.82 and a 200-day moving average of $357.13.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The company had revenue of $11.32 billion during 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 Goldman Sachs Group’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.32 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be issued a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a yield of 2.63%. The Goldman Sachs Group’s payout ratio is 48.20%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research reports. UBS Group upped their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $390.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.10.

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction on 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 directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $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 over the last three months. Company insiders own 0.54% of the company’s stock.

About The Goldman Sachs Group

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.