Investment Research & Advisory Group Inc. Has $94,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Investment Research & Advisory Group Inc. lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164 shares of the investment management company’s stock after acquiring an additional 25 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in The Goldman Sachs Group were worth $94,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GS. Duncan Williams Asset Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $612,000. Flagship Harbor Advisors LLC raised its position in The Goldman Sachs Group by 25.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,045 shares of the investment management company’s stock worth $598,000 after purchasing an additional 212 shares during the last quarter. Nikulski Financial Inc. lifted its holdings in The Goldman Sachs Group by 1.3% during the 4th quarter. Nikulski Financial Inc. now owns 3,458 shares of the investment management company’s stock worth $1,980,000 after buying an additional 45 shares in the last quarter. GSB Wealth Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $222,000. Finally, Grimes & Company Inc. increased its stake in shares of The Goldman Sachs Group by 0.9% in the 4th quarter. Grimes & Company Inc. now owns 3,927 shares of the investment management company’s stock valued at $2,249,000 after buying an additional 34 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction dated 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 directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,017 shares of company stock valued at $19,655,538. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GS shares. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Bank of America lifted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays raised their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Citigroup upped their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Trading Down 0.4 %

Shares of NYSE:GS opened at $636.80 on Friday. The stock has a market capitalization of $199.90 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The company’s 50-day moving average price is $591.21 and its two-hundred day moving average price is $535.67. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $374.24 and a one year high of $645.54.

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

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.