Atria Wealth Solutions Inc. Acquires 788 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Atria Wealth Solutions Inc. grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,004 shares of the investment management company’s stock after purchasing an additional 788 shares during the period. Atria Wealth Solutions Inc.’s holdings in The Goldman Sachs Group were worth $4,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Trust Co. boosted its holdings 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 valued at $29,000 after acquiring an additional 41 shares in the last quarter. Truvestments Capital LLC boosted its holdings 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 valued at $31,000 after acquiring an additional 44 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $32,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $42,000. Finally, CNB Bank boosted its holdings in shares of The Goldman Sachs Group by 55.7% during the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GS. Bank of America raised their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Edward Jones began coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Finally, Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other The Goldman Sachs Group 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 transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

GS stock opened at $427.37 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $428.53. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The business has a 50 day moving average of $400.27 and a 200-day moving average of $370.11. The firm has a market cap of $138.69 billion, a PE ratio of 16.69, a P/E/G ratio of 1.35 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the business earned $8.79 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.57%. The Goldman Sachs Group’s payout ratio is 42.95%.

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.