Howard Capital Management Inc. Purchases 108 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Howard Capital Management Inc. increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,242 shares of the investment management company’s stock after acquiring an additional 108 shares during the quarter. Howard Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Wealthspire Advisors LLC grew its position in shares of The Goldman Sachs Group by 3.5% during the 4th quarter. Wealthspire Advisors LLC now owns 4,932 shares of the investment management company’s stock valued at $2,824,000 after acquiring an additional 167 shares during the period. Marshall Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $160,000. First Horizon Advisors Inc. grew its position in shares of The Goldman Sachs Group by 3.0% during the 4th quarter. First Horizon Advisors Inc. now owns 1,869 shares of the investment management company’s stock valued at $1,071,000 after acquiring an additional 55 shares during the period. Pinnacle Financial Partners Inc raised its stake in shares of The Goldman Sachs Group by 3.6% in the fourth quarter. Pinnacle Financial Partners Inc now owns 4,675 shares of the investment management company’s stock worth $2,512,000 after buying an additional 163 shares during the period. Finally, Callan Capital LLC lifted its position in shares of The Goldman Sachs Group by 5.2% during the 4th quarter. Callan Capital LLC now owns 958 shares of the investment management company’s stock valued at $548,000 after buying an additional 47 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GS shares. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Citigroup lifted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. UBS Group upped their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $593.56.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the 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 in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 over the last ninety days. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Down 2.6 %

GS stock opened at $625.70 on Monday. The firm has a fifty day moving average price of $611.58 and a 200 day moving average price of $558.92. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. The firm has a market cap of $195.24 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.32% and a return on equity of 13.30%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period last year, the company posted $5.48 EPS. Sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid 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 1.92%. The Goldman Sachs Group’s payout ratio is currently 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.