Lakeshore Financial Planning Inc. Takes $228,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Lakeshore Financial Planning Inc. acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 398 shares of the investment management company’s stock, valued at approximately $228,000.

A number of other hedge funds also recently added to or reduced their stakes in GS. Oxford Financial Group LTD. LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $369,000. Adams Diversified Equity Fund Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $20,156,000. TD Private Client Wealth LLC grew its position in The Goldman Sachs Group by 31.0% in the 4th quarter. TD Private Client Wealth LLC now owns 6,507 shares of the investment management company’s stock valued at $3,726,000 after acquiring an additional 1,541 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of The Goldman Sachs Group by 25.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 43,978 shares of the investment management company’s stock valued at $25,182,000 after buying an additional 8,791 shares during the period. Finally, Whittier Trust Co. lifted its stake in The Goldman Sachs Group by 26.7% during the fourth quarter. Whittier Trust Co. now owns 91,306 shares of the investment management company’s stock worth $52,282,000 after purchasing an additional 19,219 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 0.9 %

NYSE:GS opened at $562.49 on Friday. 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 stock has a market capitalization of $175.52 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The firm has a 50 day moving average of $610.80 and a 200 day moving average of $567.71.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly 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 firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analyst Ratings Changes

A number of research analysts recently weighed in on GS shares. Morgan Stanley dropped their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Barclays lifted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $594.27.

Insider Activity at The Goldman Sachs Group

In other news, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the transaction, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last quarter. 0.54% of the stock is owned by insiders.

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.