The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502 shares of the investment management company’s stock after purchasing an additional 93 shares during the quarter. Crescent Grove Advisors LLC’s holdings in The Goldman Sachs Group were worth $287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Financial Group LLC raised its holdings in shares of The Goldman Sachs Group by 32.5% during the fourth quarter. Marshall Financial Group LLC now owns 562 shares of the investment management company’s stock valued at $322,000 after acquiring an additional 138 shares during the period. Park Edge Advisors LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth approximately $703,000. Jamison Private Wealth Management Inc. raised its stake in The Goldman Sachs Group by 7.0% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 11,949 shares of the investment management company’s stock valued at $6,843,000 after purchasing an additional 785 shares during the period. Blue Square Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 2.6% in the fourth quarter. Blue Square Asset Management LLC now owns 6,659 shares of the investment management company’s stock valued at $3,813,000 after purchasing an additional 166 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its position in shares of The Goldman Sachs Group by 18.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 164 shares of the investment management company’s stock worth $94,000 after buying an additional 25 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GS has been the subject of several research analyst reports. UBS Group increased their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley lifted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,017 shares of company stock valued at $19,655,538. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Down 0.4 %

NYSE:GS opened at $636.80 on Monday. 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 company’s 50 day moving average is $591.21 and its 200-day moving average is $536.11. The firm has a market cap of $199.90 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12 month low of $374.24 and a 12 month high of $645.54.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

The Goldman Sachs Group Company Profile

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.