Horizon Investments LLC Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Horizon Investments LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,957 shares of the investment management company’s stock after acquiring an additional 113 shares during the period. Horizon Investments LLC’s holdings in The Goldman Sachs Group were worth $4,556,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PDS Planning Inc raised its holdings in shares of The Goldman Sachs Group by 1.6% during the 4th quarter. PDS Planning Inc now owns 1,423 shares of the investment management company’s stock valued at $815,000 after buying an additional 22 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in The Goldman Sachs Group by 5.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 13,638 shares of the investment management company’s stock worth $7,809,000 after buying an additional 708 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of The Goldman Sachs Group by 96.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 32,868 shares of the investment management company’s stock worth $18,821,000 after acquiring an additional 16,125 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $112,000. Finally, Cozad Asset Management Inc. boosted its stake in shares of The Goldman Sachs Group by 107.0% in the 4th quarter. Cozad Asset Management Inc. now owns 16,784 shares of the investment management company’s stock valued at $9,611,000 after purchasing an additional 8,674 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.9 %

GS opened at $551.60 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $383.41 and a 1-year high of $672.19. The firm’s 50 day simple moving average is $612.14 and its two-hundred day simple moving average is $567.52. 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 company has a market capitalization of $172.12 billion, a PE ratio of 13.60, a PEG ratio of 0.89 and a beta of 1.37.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GS shares. Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Citigroup upped their price objective 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. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $594.27.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction that occurred 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 sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last three months. 0.54% of the stock is currently owned by company insiders.

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.