Parkside Financial Bank & Trust Buys 21 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Parkside Financial Bank & Trust raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 2,209 shares of the investment management company’s stock after purchasing an additional 21 shares during the period. Parkside Financial Bank & Trust’s holdings in The Goldman Sachs Group were worth $1,265,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Mizuho Securities USA LLC lifted its position in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after acquiring an additional 161,133 shares in the last quarter. FMR LLC raised its stake in shares of The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of The Goldman Sachs Group by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock worth $845,466,000 after acquiring an additional 18,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of The Goldman Sachs Group by 3.9% during the third quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock worth $898,428,000 after acquiring an additional 62,246 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Alex S. Golten sold 5,208 shares of the business’s 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 sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on GS shares. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Citigroup lifted 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 research note on Thursday, November 21st. Finally, Morgan Stanley lifted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $607.99 on Friday. The stock has a market cap of $189.72 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm’s fifty day simple moving average is $615.62 and its 200 day simple moving average is $561.52. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. 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 (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for 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 firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.48 earnings per share. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 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.