The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Concord Wealth Partners

Concord Wealth Partners boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,731 shares of the investment management company’s stock after acquiring an additional 216 shares during the period. Concord Wealth Partners’ holdings in The Goldman Sachs Group were worth $1,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Cambridge Trust Co. grew its holdings in The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Truvestments Capital LLC boosted its holdings in shares of The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $32,000. Wetzel Investment Advisors Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $42,000. Finally, CNB Bank boosted its holdings in shares of The Goldman Sachs Group by 55.7% in the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock valued at $53,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group 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 sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 1.1 %

Shares of The Goldman Sachs Group stock traded up $4.90 during mid-day trading on Wednesday, hitting $431.61. 1,156,736 shares of the stock were exchanged, compared to its average volume of 2,364,731. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $433.43. The stock has a market capitalization of $140.07 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The company has a 50-day simple moving average of $402.04 and a 200 day simple moving average of $372.58. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the company earned $8.79 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.55%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Analyst Upgrades and Downgrades

GS has been the subject of several research analyst reports. 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 report on Friday, April 5th. Oppenheimer upped their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Edward Jones assumed coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $437.04.

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.