7,308 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,308 shares of the investment management company’s stock, valued at approximately $4,185,000.

Several other institutional investors also recently bought and sold shares of the company. Swedbank AB lifted its stake in The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after purchasing an additional 13,730 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of The Goldman Sachs Group by 9.5% during the third quarter. GHP Investment Advisors Inc. now owns 566 shares of the investment management company’s stock worth $280,000 after purchasing an additional 49 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 0.5% during the third quarter. Modera Wealth Management LLC now owns 3,963 shares of the investment management company’s stock worth $1,962,000 after purchasing an additional 21 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of The Goldman Sachs Group by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 148,822 shares of the investment management company’s stock worth $74,355,000 after buying an additional 1,662 shares during the period. Finally, Bristlecone Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 4.7% during the third quarter. Bristlecone Advisors LLC now owns 466 shares of the investment management company’s stock worth $231,000 after buying an additional 21 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GS shares. Barclays increased their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer dropped their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $593.56.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group 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 sale, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock valued at $19,692,543 over the last 90 days. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 0.1 %

NYSE GS opened at $626.24 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The company has a market cap of $195.41 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.89 and a beta of 1.39. The company has a 50 day moving average of $612.38 and a 200-day moving average of $559.91.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 analysts’ expectations 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 for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal 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 1.92%. The ex-dividend date is Friday, February 28th. 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.