Foundations Investment Advisors LLC Purchases 4,593 Shares of The Goldman Sachs Group, Inc. $GS

Foundations Investment Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,626 shares of the investment management company’s stock after buying an additional 4,593 shares during the quarter. Foundations Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $44,298,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Dogwood Wealth Management LLC increased its position 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 valued at $26,000 after buying an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the third quarter valued at $26,000. First PREMIER Bank bought a new position in shares of The Goldman Sachs Group during the third quarter valued at $28,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $29,000. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth about $31,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GS. Daiwa Capital Markets raised their price objective on shares of The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Dbs Bank lifted their target price on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $898.00.

View Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Trading Up 0.7%

NYSE:GS opened at $936.69 on Thursday. The company has a market cap of $280.94 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The company has a 50 day simple moving average of $891.48 and a two-hundred day simple moving average of $805.95. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70.

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 for the quarter, beating 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 firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same period in the prior year, the firm earned $11.95 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a $4.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is 31.20%.

More The Goldman Sachs Group News

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

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 9,589 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the transaction, the insider owned 18,533 shares in the company, valued at $17,189,542.83. This represents a 34.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Carey Halio sold 1,757 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $920.62, for a total transaction of $1,617,529.34. Following the completion of the transaction, the treasurer directly owned 4,863 shares in the company, valued at approximately $4,476,975.06. The trade was a 26.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 84,395 shares of company stock valued at $80,824,289. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Company 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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