Valeo Financial Advisors LLC Has $15.76 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Valeo Financial Advisors LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,520 shares of the investment management company’s stock after selling 716 shares during the period. Valeo Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $15,759,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Mizuho Securities USA LLC raised its holdings in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after purchasing an additional 161,133 shares in the last quarter. FMR LLC raised its holdings in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of The Goldman Sachs Group by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after purchasing an additional 18,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after purchasing an additional 62,246 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GS shares. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Citigroup lifted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

Insider Activity

In other news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,475 shares of company stock worth $19,692,543. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $661.56 on Friday. The firm’s 50-day moving average is $603.93 and its 200-day moving average is $550.81. The Goldman Sachs Group, Inc. has a 52-week low of $379.14 and a 52-week high of $663.87. 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 company has a market cap of $205.38 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the firm posted $5.48 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given 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 1.81%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 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.