Viawealth LLC Has $297,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Viawealth LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 518 shares of the investment management company’s stock after selling 27 shares during the period. Viawealth LLC’s holdings in The Goldman Sachs Group were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $37,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Up 1.1 %

NYSE GS opened at $557.62 on Thursday. The company has a market cap of $174.00 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a twelve month low of $386.00 and a twelve month high of $672.19. 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 business’s fifty day moving average is $611.14 and its 200 day moving average is $567.75.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the firm posted $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, sell-side analysts expect 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 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 2.15%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, Director Kevin R. Johnson bought 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value 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 approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GS. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Citigroup upped their price target 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. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $594.27.

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.