Planned Solutions Inc. Invests $289,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Planned Solutions Inc. purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 750 shares of the investment management company’s stock, valued at approximately $289,000.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its position in shares of The Goldman Sachs Group by 0.4% during the 2nd quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock worth $6,393,539,000 after purchasing an additional 76,641 shares during the last quarter. Morgan Stanley raised its holdings in shares of The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after buying an additional 1,696,350 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of The Goldman Sachs Group by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock worth $1,396,236,000 after purchasing an additional 52,016 shares during the last quarter. Northern Trust Corp increased its holdings in shares of The Goldman Sachs Group by 3.2% during the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after buying an additional 104,424 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of The Goldman Sachs Group by 6.1% during the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after purchasing an additional 159,512 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the sale, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock worth $15,080,021 in the last ninety days. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Oppenheimer reduced their target price on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Edward Jones started coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $411.10.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $415.21 on Thursday. The firm has a market cap of $134.75 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.56 and a beta of 1.42. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $416.76. The stock’s 50 day moving average is $387.82 and its 200 day moving average is $357.13. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, topping the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the firm earned $3.32 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be issued a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 annualized dividend and a dividend yield of 2.65%. The Goldman Sachs Group’s payout ratio is currently 48.20%.

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.