GWN Securities Inc. Buys Shares of 2,856 The Goldman Sachs Group, Inc. (NYSE:GS)

GWN Securities Inc. bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, HoldingsChannel reports. The fund bought 2,856 shares of the investment management company’s stock, valued at approximately $1,635,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its stake in The Goldman Sachs Group by 0.8% in the fourth quarter. Corient Private Wealth LLC now owns 152,041 shares of the investment management company’s stock valued at $85,442,000 after acquiring an additional 1,176 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of The Goldman Sachs Group by 4.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,332 shares of the investment management company’s stock worth $12,788,000 after buying an additional 1,050 shares during the period. one8zero8 LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $2,875,000. Choate Investment Advisors boosted its position in shares of The Goldman Sachs Group by 16.5% during the fourth quarter. Choate Investment Advisors now owns 3,558 shares of the investment management company’s stock worth $2,037,000 after buying an additional 503 shares during the period. Finally, Diversified Enterprises LLC boosted its position in shares of The Goldman Sachs Group by 37.4% during the fourth quarter. Diversified Enterprises LLC now owns 706 shares of the investment management company’s stock worth $404,000 after buying an additional 192 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $542.31 on Friday. The firm has a market cap of $169.22 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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, Inc. has a 1-year low of $383.41 and a 1-year high of $672.19. The business’s 50 day moving average is $612.79 and its 200-day moving average is $566.78.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson bought 2,400 shares of The Goldman Sachs Group stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $594.27.

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.