Pathway Financial Advisers LLC Has $2.43 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Pathway Financial Advisers LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,237 shares of the investment management company’s stock after selling 46 shares during the quarter. Pathway Financial Advisers LLC’s holdings in The Goldman Sachs Group were worth $2,426,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GS. Avestar Capital LLC lifted its stake in shares of The Goldman Sachs Group by 7.2% in the fourth quarter. Avestar Capital LLC now owns 1,956 shares of the investment management company’s stock valued at $1,120,000 after buying an additional 132 shares in the last quarter. Morris Financial Concepts Inc. raised its holdings in shares of The Goldman Sachs Group by 3.5% in the 4th quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company’s stock worth $307,000 after acquiring an additional 18 shares during the last quarter. Hemington Wealth Management lifted its position in The Goldman Sachs Group by 9.8% in the 4th quarter. Hemington Wealth Management now owns 290 shares of the investment management company’s stock valued at $166,000 after acquiring an additional 26 shares in the last quarter. Castle Wealth Management LLC boosted its stake in The Goldman Sachs Group by 42.7% during the 4th quarter. Castle Wealth Management LLC now owns 1,943 shares of the investment management company’s stock valued at $1,113,000 after purchasing an additional 581 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in The Goldman Sachs Group by 81.6% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 2,001 shares of the investment management company’s stock worth $1,146,000 after purchasing an additional 899 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. UBS Group lifted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley raised their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Evercore ISI upped their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $591.06.

Insider Buying and Selling

In other news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,475 shares of company stock worth $19,692,543. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Up 0.3 %

Shares of NYSE:GS opened at $649.17 on Thursday. The firm has a fifty day moving average price of $602.89 and a two-hundred day moving average price of $550.12. The company has a market cap of $201.53 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.91 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $375.20 and a one year high of $663.87.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the company earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm 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 dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

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.