Dana Investment Advisors Inc. Purchases New Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Dana Investment Advisors Inc. bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 525 shares of the investment management company’s stock, valued at approximately $301,000.

A number of other institutional investors have also bought and sold shares of GS. Swedbank AB lifted its stake in The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after purchasing an additional 13,730 shares in the last quarter. Van ECK Associates Corp lifted its stake in The Goldman Sachs Group by 1.2% in the 3rd quarter. Van ECK Associates Corp now owns 6,157 shares of the investment management company’s stock worth $3,184,000 after purchasing an additional 71 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $38,000. Leavell Investment Management Inc. increased its holdings in shares of The Goldman Sachs Group by 57.2% during the 3rd quarter. Leavell Investment Management Inc. now owns 2,149 shares of the investment management company’s stock worth $1,064,000 after buying an additional 782 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of The Goldman Sachs Group by 1.4% during the 3rd quarter. Lindbrook Capital LLC now owns 1,682 shares of the investment management company’s stock worth $833,000 after buying an additional 24 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent analyst reports. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Citigroup raised their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Barclays raised their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Nine investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $559.55 on Monday. The company has a fifty day simple moving average of $616.96 and a two-hundred day simple moving average of $566.25. The company has a market cap of $174.60 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 52 week low of $381.42 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.14%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

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.