Duncan Williams Asset Management LLC Invests $612,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Duncan Williams Asset Management LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, Holdings Channel reports. The firm purchased 1,069 shares of the investment management company’s stock, valued at approximately $612,000.

A number of other hedge funds have also recently added to or reduced their stakes in GS. Susquehanna Fundamental Investments LLC bought a new stake in The Goldman Sachs Group during the second quarter worth about $1,040,000. Kathmere Capital Management LLC raised its position in shares of The Goldman Sachs Group by 6.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,174 shares of the investment management company’s stock valued at $531,000 after buying an additional 69 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 9.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,267 shares of the investment management company’s stock worth $1,478,000 after acquiring an additional 287 shares during the period. Ascent Group LLC boosted its position in shares of The Goldman Sachs Group by 34.0% during the 2nd quarter. Ascent Group LLC now owns 1,477 shares of the investment management company’s stock worth $668,000 after acquiring an additional 375 shares in the last quarter. Finally, Creative Planning increased its stake in The Goldman Sachs Group by 6.7% in the second quarter. Creative Planning now owns 74,446 shares of the investment management company’s stock valued at $33,674,000 after acquiring an additional 4,661 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $636.80 on Friday. The company has a market cap of $199.90 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.88 and a beta of 1.38. The company’s fifty day moving average price is $591.21 and its two-hundred day moving average price is $535.67. The Goldman Sachs Group, Inc. has a 1-year low of $374.24 and a 1-year high of $645.54. 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 (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 EPS. On average, analysts expect that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.88%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research analyst reports. UBS Group raised their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. JMP Securities increased their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley lifted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,017 shares of company stock worth $19,655,538. Corporate insiders own 0.54% of the company’s stock.

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.