The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 730 shares of the investment management company’s stock after buying an additional 28 shares during the quarter. Traynor Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $418,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. GoalVest Advisory LLC grew its position in The Goldman Sachs Group by 1,070.0% in the fourth quarter. GoalVest Advisory LLC now owns 2,340 shares of the investment management company’s stock valued at $1,340,000 after acquiring an additional 2,140 shares in the last quarter. Evolution Wealth Advisors LLC grew its holdings in The Goldman Sachs Group by 175.7% during the 4th quarter. Evolution Wealth Advisors LLC now owns 1,373 shares of the investment management company’s stock valued at $786,000 after purchasing an additional 875 shares in the last quarter. Marino Stram & Associates LLC increased its stake in The Goldman Sachs Group by 4.2% during the 4th quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company’s stock worth $257,000 after buying an additional 18 shares during the period. Magnus Financial Group LLC lifted its holdings in The Goldman Sachs Group by 0.7% in the 4th quarter. Magnus Financial Group LLC now owns 3,799 shares of the investment management company’s stock worth $2,176,000 after buying an additional 25 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in The Goldman Sachs Group by 0.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 134,082 shares of the investment management company’s stock valued at $76,778,000 after buying an additional 548 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kevin R. Johnson acquired 2,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. This represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,940 shares of company stock worth $12,656,179. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Down 0.3 %

The Goldman Sachs Group stock opened at $633.14 on Thursday. The Goldman Sachs Group, Inc. has a 52-week low of $374.24 and a 52-week high of $635.60. The firm has a market capitalization of $198.75 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.89 and a beta of 1.38. The firm has a 50-day moving average price of $588.56 and a two-hundred day moving average price of $533.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the firm posted $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analyst Upgrades and Downgrades

Several research firms recently commented on GS. Wells Fargo & Company boosted their price target 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. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Citigroup upped their target price 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. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

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.