Focus Financial Network Inc. Increases Stock Holdings in The Goldman Sachs Group, Inc. $GS

Focus Financial Network Inc. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 182.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,635 shares of the investment management company’s stock after buying an additional 4,288 shares during the period. Focus Financial Network Inc.’s holdings in The Goldman Sachs Group were worth $5,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Dagco Inc. purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. First PREMIER Bank purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $28,000. Corundum Trust Company INC acquired a new position in The Goldman Sachs Group during the 3rd quarter valued at approximately $29,000. Finally, Elevation Wealth Partners LLC increased its stake in The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 20 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,092 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 13,151 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the sale, the executive vice president owned 39,007 shares in the company, valued at approximately $37,408,883.21. This represents a 25.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on GS shares. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Barclays upped their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. BNP Paribas Exane lifted their price target on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Rothschild & Co Redburn boosted their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $919.29.

Get Our Latest Stock Report on GS

The Goldman Sachs Group Trading Up 0.5%

Shares of The Goldman Sachs Group stock opened at $835.69 on Wednesday. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a fifty day moving average price of $892.70 and a 200 day moving average price of $847.92. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The stock has a market cap of $246.52 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $11.95 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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