The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Montag A & Associates Inc.

Montag A & Associates Inc. increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 31,765 shares of the investment management company’s stock after purchasing an additional 1,815 shares during the quarter. The Goldman Sachs Group accounts for 0.9% of Montag A & Associates Inc.’s holdings, making the stock its 27th biggest holding. Montag A & Associates Inc.’s holdings in The Goldman Sachs Group were worth $18,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. West Branch Capital LLC bought a new position in The Goldman Sachs Group during the third quarter worth $30,000. DT Investment Partners LLC increased its stake in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter valued at $34,000. 71.21% of the stock is owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 over the last ninety days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $661.56 on Friday. The business has a 50 day moving average price of $605.16 and a two-hundred day moving average price of $551.98. 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 company has a market capitalization of $205.38 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1-year low of $379.14 and a 1-year high of $663.87.

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 for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the business posted $5.48 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.81%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. UBS Group upped their target price 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. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Oppenheimer dropped their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley boosted 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group 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.