630 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by bLong Financial LLC

bLong Financial LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 630 shares of the investment management company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mizuho Securities USA LLC grew its holdings in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares during the period. Fisher Asset Management LLC grew its holdings in The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after acquiring an additional 161,133 shares during the period. FMR LLC grew its holdings in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in The Goldman Sachs Group by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after acquiring an additional 18,541 shares during the period. Finally, Franklin Resources Inc. grew its holdings in The Goldman Sachs Group by 3.9% during the third quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock worth $898,428,000 after acquiring an additional 62,246 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $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 90 days, insiders have sold 31,475 shares of company stock worth $19,692,543. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $661.56 on Friday. 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 business’s 50 day moving average price is $605.16 and its 200-day moving average price is $551.98. The firm has a market capitalization of $205.38 billion, a PE ratio of 16.31, a P/E/G ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1 year low of $379.14 and a 1 year high of $663.87.

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, topping analysts’ consensus estimates 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 business’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.48 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.81%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GS shares. Oppenheimer dropped their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays raised their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley raised their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $591.06.

About The Goldman Sachs Group

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.