Advisory Services Network LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Advisory Services Network LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,113 shares of the investment management company’s stock after acquiring an additional 1,165 shares during the period. Advisory Services Network LLC’s holdings in The Goldman Sachs Group were worth $6,363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $586.00.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $461.67 on Wednesday. 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 company’s fifty day moving average price is $587.13 and its two-hundred day moving average price is $572.67. The firm has a market capitalization of $144.06 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping 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 business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the firm posted $5.48 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by corporate insiders.

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.