RoundAngle Advisors LLC Takes $1.45 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

RoundAngle Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,527 shares of the investment management company’s stock, valued at approximately $1,447,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Semmax Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $26,000. West Branch Capital LLC acquired a new position in The Goldman Sachs Group in the third quarter worth approximately $30,000. DT Investment Partners LLC increased its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $34,000. Finally, Country Trust Bank acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $37,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $626.84 on Monday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $196.77 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The stock has a 50-day moving average of $587.22 and a 200-day moving average of $530.29. The Goldman Sachs Group, Inc. has a 52-week low of $372.07 and a 52-week high of $627.00.

The Goldman Sachs Group (NYSE:GS) last announced its 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 11.39% and a net margin of 9.89%. The firm 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 business earned $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 35.21%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Citigroup lifted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $589.19.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock worth $12,656,179 over the last ninety days. Company insiders own 0.57% of the company’s stock.

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.