Aspiriant LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 981 shares of the investment management company’s stock after acquiring an additional 54 shares during the period. Aspiriant LLC’s holdings in The Goldman Sachs Group were worth $562,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $30,000. DT Investment Partners LLC grew its position 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 buying an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the 3rd quarter worth $34,000. Finally, Country Trust Bank acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at $37,000. 71.21% of the stock is owned by institutional investors.
Insider Activity
In other news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now directly owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 20,940 shares of company stock valued at $12,656,179. Company insiders own 0.57% of the company’s stock.
The Goldman Sachs Group Stock Up 1.4 %
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 45.32 EPS 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 given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.
Analyst Upgrades and Downgrades
GS has been the topic of a number of recent analyst reports. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Bank of America upped their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $591.06.
Get Our Latest Analysis on The Goldman Sachs Group
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.
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