Wealth Effects LLC Has $234,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Wealth Effects LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 409 shares of the investment management company’s stock after selling 21 shares during the period. Wealth Effects LLC’s holdings in The Goldman Sachs Group were worth $234,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GS. West Branch Capital LLC acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $30,000. DT Investment Partners LLC lifted its stake in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $34,000. Country Trust Bank bought a new stake in The Goldman Sachs Group during the 3rd quarter worth $37,000. Finally, Capital Performance Advisors LLP bought a new position in The Goldman Sachs Group in the third quarter valued at about $38,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 0.7 %

NYSE:GS opened at $637.71 on Wednesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $200.18 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $374.24 and a fifty-two week high of $645.54. The firm has a 50-day simple moving average of $592.09 and a two-hundred day simple moving average of $537.59.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the company posted $5.48 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts predict that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced 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 of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.88%. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GS shares. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Evercore ISI increased their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America lifted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the purchase, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 35,657 shares of company stock worth $21,973,272 in the last three months. 0.54% of the stock is currently owned by company 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.