Physician Wealth Advisors Inc. Buys Shares of 171 The Goldman Sachs Group, Inc. (NYSE:GS)

Physician Wealth Advisors Inc. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 171 shares of the investment management company’s stock, valued at approximately $98,000.

Several other large investors also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. grew its stake in The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after purchasing an additional 16 shares during the period. Ledyard National Bank boosted its holdings in shares of The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after buying an additional 16 shares in the last quarter. Seelaus Asset Management LLC grew its position in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after buying an additional 16 shares during the period. Pointe Capital Management LLC increased its stake in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after acquiring an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC lifted its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after acquiring an additional 17 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Barclays upped their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Wells Fargo & Company cut their target price on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Morgan Stanley reduced their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $590.60.

The Goldman Sachs Group Trading Down 2.8 %

Shares of GS stock opened at $543.04 on Monday. 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 12-month low of $387.12 and a 12-month high of $672.19. The stock has a market capitalization of $169.45 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.89 and a beta of 1.37. The firm’s 50 day moving average is $608.15 and its 200 day moving average is $572.36.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $12.36 billion. During the same period last year, the business posted $5.48 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity

In related news, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction 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. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last quarter. 0.55% of the stock is currently owned by insiders.

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.