The Goldman Sachs Group, Inc. $GS Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 182.7% during the 4th quarter, HoldingsChannel reports. The fund owned 6,635 shares of the investment management company’s stock after purchasing an additional 4,288 shares during the period. Focus Financial Network Inc.’s holdings in The Goldman Sachs Group were worth $5,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of GS. Contravisory Investment Management Inc. grew its holdings in The Goldman Sachs Group by 2.3% in the fourth quarter. Contravisory Investment Management Inc. now owns 12,872 shares of the investment management company’s stock valued at $11,314,000 after purchasing an additional 295 shares during the period. First Heartland Consultants Inc. raised its stake in shares of The Goldman Sachs Group by 6.0% during the 4th quarter. First Heartland Consultants Inc. now owns 1,150 shares of the investment management company’s stock worth $1,011,000 after buying an additional 65 shares during the period. Constitution Capital LLC lifted its position in shares of The Goldman Sachs Group by 44.4% during the 4th quarter. Constitution Capital LLC now owns 1,300 shares of the investment management company’s stock valued at $1,143,000 after buying an additional 400 shares in the last quarter. Capital Asset Advisory Services LLC lifted its position in shares of The Goldman Sachs Group by 0.3% during the 4th quarter. Capital Asset Advisory Services LLC now owns 8,599 shares of the investment management company’s stock valued at $8,216,000 after buying an additional 29 shares in the last quarter. Finally, Clear Trail Advisors LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $5,024,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.5%

Shares of GS opened at $835.69 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The firm’s fifty day moving average is $892.70 and its two-hundred day moving average is $847.92. The stock has a market cap of $246.52 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $11.95 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.2%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

More The Goldman Sachs Group News

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Autonomous Res cut their price target on shares of 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. Rothschild & Co Redburn lifted their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Daiwa Securities Group boosted their target price on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. BNP Paribas Exane upped their price target on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a research note on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $919.29.

View Our Latest Report on The Goldman Sachs Group

Insider Buying and Selling

In other news, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the sale, the chief executive officer directly owned 125,527 shares in the company, valued at $117,859,810.84. This represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the sale, the treasurer directly owned 2,017 shares of the company’s stock, valued at approximately $1,870,101.89. This represents a 58.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 117,283 shares of company stock worth $112,016,033 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

(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.

Featured Articles

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.