Montag A & Associates Inc. Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Montag A & Associates Inc. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,765 shares of the investment management company’s stock after acquiring an additional 1,815 shares during the quarter. The Goldman Sachs Group accounts for about 0.9% of Montag A & Associates Inc.’s holdings, making the stock its 27th biggest position. Montag A & Associates Inc.’s holdings in The Goldman Sachs Group were worth $18,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. grew its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after purchasing an additional 5,541 shares during the last quarter. Franklin Street Advisors Inc. NC increased its position in The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares in the last quarter. Park Edge Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth $703,000. Nordea Investment Management AB raised its holdings in shares of The Goldman Sachs Group by 30.3% in the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after acquiring an additional 49,710 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of 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 valued at $2,991,772,000 after acquiring an additional 161,133 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,475 shares of company stock valued at $19,692,543. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 1.9 %

Shares of GS stock opened at $661.56 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $379.14 and a fifty-two week high of $663.87. The firm’s 50 day moving average price is $605.16 and its two-hundred day moving average price is $551.98. The stock has a market cap of $205.38 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.67, a current 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, topping analysts’ consensus estimates 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 analysts’ expectations of $12.36 billion. During the same period in the prior year, the company earned $5.48 EPS. The firm’s revenue was up 22.5% on a year-over-year basis. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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 issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.81%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GS. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. UBS Group lifted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Oppenheimer reduced their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently 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.