Fi3 FINANCIAL ADVISORS LLC Has $508,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Fi3 FINANCIAL ADVISORS LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 887 shares of the investment management company’s stock after purchasing an additional 79 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in The Goldman Sachs Group were worth $508,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $34,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Up 0.4 %

NYSE:GS opened at $565.00 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 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 has a 50 day moving average price of $610.89 and a two-hundred day moving average price of $568.09. The company has a market cap of $176.30 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 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 business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the company posted $5.48 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GS. Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Barclays boosted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $594.27.

Insider Activity

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Company 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.