Hantz Financial Services Inc. Purchases 106 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Hantz Financial Services Inc. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,877 shares of the investment management company’s stock after acquiring an additional 106 shares during the quarter. Hantz Financial Services Inc.’s holdings in The Goldman Sachs Group were worth $2,793,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $30,000. DT Investment Partners LLC raised its stake in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $34,000. Country Trust Bank acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $37,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $38,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GS shares. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley increased their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Performance

GS stock opened at $645.77 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $649.52. 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 stock has a 50-day moving average price of $594.34 and a 200-day moving average price of $539.40. The firm has a market cap of $202.71 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for 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 company’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.48 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,865 shares of company stock valued at $25,286,862. Corporate insiders own 0.54% 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.