Benjamin F. Edwards & Company Inc. Boosts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 31.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,780 shares of the investment management company’s stock after acquiring an additional 1,622 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in The Goldman Sachs Group were worth $2,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Stratos Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 33.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 895 shares of the investment management company’s stock valued at $290,000 after buying an additional 225 shares during the period. Brown Advisory Inc. boosted its stake in shares of The Goldman Sachs Group by 15.6% in the 3rd quarter. Brown Advisory Inc. now owns 13,462 shares of the investment management company’s stock valued at $4,356,000 after buying an additional 1,812 shares during the period. Concord Wealth Partners boosted its stake in shares of The Goldman Sachs Group by 26.1% in the 3rd quarter. Concord Wealth Partners now owns 2,515 shares of the investment management company’s stock valued at $814,000 after buying an additional 521 shares during the period. Hixon Zuercher LLC boosted its stake in shares of The Goldman Sachs Group by 4.6% in the 3rd quarter. Hixon Zuercher LLC now owns 11,617 shares of the investment management company’s stock valued at $3,759,000 after buying an additional 516 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in shares of The Goldman Sachs Group by 15.0% in the 3rd quarter. Lindbrook Capital LLC now owns 652 shares of the investment management company’s stock valued at $211,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of several recent research reports. Citigroup lifted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Edward Jones initiated coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. HSBC boosted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Evercore ISI boosted their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $437.04.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated 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 completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction 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 completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,330 shares of company stock worth $11,713,578. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 1.3 %

GS opened at $438.18 on Friday. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $442.30. The company has a market cap of $142.20 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.38 and a beta of 1.40. The business’s fifty day moving average is $404.59 and its two-hundred day moving average is $374.23. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating 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 firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same period last year, the firm posted $8.79 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

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.