Bard Financial Services Inc. Has $8.08 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Bard Financial Services Inc. lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,115 shares of the investment management company’s stock after selling 100 shares during the period. The Goldman Sachs Group accounts for approximately 1.0% of Bard Financial Services Inc.’s investment portfolio, making the stock its 27th biggest holding. Bard Financial Services Inc.’s holdings in The Goldman Sachs Group were worth $8,083,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GS. Waddell & Associates LLC lifted its holdings in shares of The Goldman Sachs Group by 2.1% during the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after buying an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC raised its stake in The Goldman Sachs Group by 0.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after purchasing an additional 18 shares in the last quarter. First Pacific Financial boosted its holdings in The Goldman Sachs Group by 0.6% in the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the period. Krane Funds Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.7% during the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after purchasing an additional 20 shares in the last quarter. Finally, Tanager Wealth Management LLP increased its holdings in shares of The Goldman Sachs Group by 3.6% during the third quarter. Tanager Wealth Management LLP now owns 569 shares of the investment management company’s stock worth $282,000 after purchasing an additional 20 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,940 shares of company stock valued at $13,717,979. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on GS shares. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. UBS Group reaffirmed a “neutral” rating and set a $610.00 price objective on shares of The Goldman Sachs Group in a research report on Monday. Barclays boosted their target price on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $569.31.

The Goldman Sachs Group Trading Up 1.4 %

Shares of NYSE:GS traded up $7.98 during trading on Monday, reaching $588.11. The stock had a trading volume of 1,318,757 shares, compared to its average volume of 1,639,040. The stock has a market cap of $184.61 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 0.85 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73. The firm’s fifty day moving average is $578.26 and its 200 day moving average is $521.69.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.47 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 2nd were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

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.