Magnolia Capital Advisors LLC Invests $257,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Magnolia Capital Advisors LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 664 shares of the investment management company’s stock, valued at approximately $257,000.

Other large investors have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC grew its holdings in The Goldman Sachs Group by 65.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 316 shares of the investment management company’s stock worth $102,000 after acquiring an additional 125 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of The Goldman Sachs Group by 209.8% in the third quarter. Newbridge Financial Services Group Inc. now owns 536 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 363 shares in the last quarter. Nikulski Financial Inc. raised its position in The Goldman Sachs Group by 1.3% in the 3rd quarter. Nikulski Financial Inc. now owns 3,833 shares of the investment management company’s stock worth $1,240,000 after purchasing an additional 49 shares during the last quarter. Kessler Investment Group LLC lifted its holdings in The Goldman Sachs Group by 6.0% during the 3rd quarter. Kessler Investment Group LLC now owns 3,037 shares of the investment management company’s stock worth $983,000 after buying an additional 171 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at $382,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Down 0.2 %

NYSE GS traded down $0.96 during trading hours on Wednesday, reaching $423.04. 1,568,788 shares of the company’s stock were exchanged, compared to its average volume of 2,391,933. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The company has a market capitalization of $137.29 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The company’s 50-day moving average is $398.72 and its two-hundred day moving average is $368.96. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $425.35.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.79 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. UBS Group raised their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. JMP Securities raised their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $434.93.

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.