The Goldman Sachs Group, Inc. $GS Shares Purchased by Delta Financial Advisors LLC

Delta Financial Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 19.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,082 shares of the investment management company’s stock after acquiring an additional 1,335 shares during the quarter. The Goldman Sachs Group comprises 1.8% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Delta Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. First PREMIER Bank acquired a new position in shares of The Goldman Sachs Group during the third quarter worth about $28,000. Corundum Trust Company INC purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $29,000. Dogwood Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GS shares. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Argus lifted their price target on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. BNP Paribas Exane upped their target price 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. Bank of America raised their price target on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Citigroup upped their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $898.00.

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Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 19,796 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $964.27, for a total transaction of $19,088,688.92. Following the transaction, the director directly owned 103,390 shares of the company’s stock, valued at approximately $99,695,875.30. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 68,186 shares of company stock valued at $65,820,670 over the last ninety days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 3.6%

NYSE:GS opened at $919.82 on Friday. The firm has a market capitalization of $275.88 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.15 and a beta of 1.33. The business has a 50 day simple moving average of $882.31 and a 200 day simple moving average of $800.42. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the prior year, the business posted $11.95 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. This represents a $18.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is currently 31.20%.

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The Goldman Sachs Group Profile

(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.

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

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