Sound View Wealth Advisors Group LLC Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Sound View Wealth Advisors Group LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,457 shares of the investment management company’s stock after buying an additional 24 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in The Goldman Sachs Group were worth $834,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth $34,000. Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last quarter. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on GS shares. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Morgan Stanley upped their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $591.69.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $559.55 on Monday. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The stock has a market cap of $174.60 billion, a P/E ratio of 13.80, a PEG ratio of 0.89 and a beta of 1.37. 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 company has a 50-day moving average of $616.96 and a two-hundred day moving average of $566.25.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 EPS. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.14%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.