Composition Wealth LLC Has $19.74 Million Holdings in The Goldman Sachs Group, Inc. $GS

Composition Wealth LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,460 shares of the investment management company’s stock after acquiring an additional 866 shares during the quarter. Composition Wealth LLC’s holdings in The Goldman Sachs Group were worth $19,742,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Kornitzer Capital Management Inc. KS acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $776,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $168,105,000. Blalock Williams LLC raised its holdings in shares of The Goldman Sachs Group by 12.4% in the 4th quarter. Blalock Williams LLC now owns 345 shares of the investment management company’s stock worth $303,000 after buying an additional 38 shares in the last quarter. Horizon Investments LLC increased its holdings in The Goldman Sachs Group by 79.2% during the 4th quarter. Horizon Investments LLC now owns 15,304 shares of the investment management company’s stock valued at $13,452,000 after purchasing an additional 6,762 shares in the last quarter. Finally, Acorn Creek Capital LLC increased its holdings in The Goldman Sachs Group by 7.2% during the 4th quarter. Acorn Creek Capital LLC now owns 356 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GS shares. Autonomous Res dropped their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Barclays raised their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. BMO Capital Markets raised their price target on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Rothschild & Co Redburn lifted their target price on The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $922.71.

Check Out Our Latest Report on GS

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $923.32 on Friday. The company has a market capitalization of $272.37 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.19 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 12 month low of $547.06 and a 12 month high of $984.70. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.56. The stock’s 50 day moving average is $869.26 and its 200-day moving average is $866.35.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $14.12 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value of $10,943,868.11. Following the completion of the transaction, the chief financial officer owned 29,342 shares of the company’s stock, valued at $27,627,546.94. The trade was a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 32,001 shares of company stock valued at $30,367,306. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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