Vision Financial Markets LLC Makes New $252,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Vision Financial Markets LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 441 shares of the investment management company’s stock, valued at approximately $252,000.

Several other large investors also recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. increased its holdings in shares of The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after acquiring an additional 16 shares in the last quarter. Ledyard National Bank grew its holdings in shares of The Goldman Sachs Group by 3.4% during the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock worth $278,000 after buying an additional 16 shares in the last quarter. Seelaus Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after buying an additional 16 shares in the last quarter. Pointe Capital Management LLC grew its holdings in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after buying an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after buying an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the stock in a transaction on Friday, January 17th. The shares were bought 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 approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $594.05 on Thursday. The stock has a market cap of $185.37 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.89 and a beta of 1.37. The business has a 50 day moving average of $617.59 and a 200-day moving average of $564.89. 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, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $5.48 EPS. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared 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 yield of 2.02%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Wall Street Analyst Weigh In

GS has been the subject of a number of research reports. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Morgan Stanley raised their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Barclays raised their price target on 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. Finally, JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $591.69.

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.