Seven Mile Advisory Has $426,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Seven Mile Advisory increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 744 shares of the investment management company’s stock after buying an additional 41 shares during the period. Seven Mile Advisory’s holdings in The Goldman Sachs Group were worth $426,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at $30,000. Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $37,000. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group upped their target price 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. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Wells Fargo & Company decreased their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Morgan Stanley cut their price objective 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. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $590.60.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $543.04 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a fifty day moving average price of $608.15 and a 200-day moving average price of $572.36. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The firm has a market cap of $169.45 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $12.36 billion. During the same quarter last year, the business posted $5.48 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.