Teamwork Financial Advisors LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Teamwork Financial Advisors LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, Holdings Channel reports. The fund purchased 3,264 shares of the investment management company’s stock, valued at approximately $1,869,000.

Several other institutional investors have also added to or reduced their stakes in GS. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group in the second quarter worth approximately $26,000. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth $30,000. DT Investment Partners LLC increased its stake in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth $34,000. Finally, Country Trust Bank purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth $37,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $633.14 on Thursday. The firm has a 50-day moving average price of $589.34 and a 200-day moving average price of $533.75. The firm has a market capitalization of $198.75 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. 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 Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $635.60.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 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 analyst estimates of $12.36 billion. During the same quarter last year, the business earned $5.48 EPS. The business’s revenue was up 22.5% on a year-over-year basis. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current 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 issued 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 1.90%. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock worth $12,656,179 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GS shares. Oppenheimer reduced their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI raised their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

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.