Smartleaf Asset Management LLC Buys 1,185 Shares of The Goldman Sachs Group, Inc. $GS

Smartleaf Asset Management LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 32.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,829 shares of the investment management company’s stock after buying an additional 1,185 shares during the quarter. Smartleaf Asset Management LLC’s holdings in The Goldman Sachs Group were worth $3,884,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $26,000. First PREMIER Bank bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $28,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at $29,000. Clearstead Trust LLC acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $31,000. Finally, Elevation Wealth Partners LLC increased its stake in The Goldman Sachs Group by 100.0% during the 3rd 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. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets raised their price objective 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. Jefferies Financial Group raised their price target on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Daiwa Securities Group boosted their price objective on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Bank of America raised their target price on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Royal Bank Of Canada lifted their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $916.86.

Get Our Latest Research Report on The Goldman Sachs Group

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 9,589 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the completion of the sale, the insider owned 18,533 shares in the company, valued at $17,189,542.83. This trade represents a 34.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 272 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction 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 trade represents a 0.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 87,513 shares of company stock valued at $83,718,401. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Up 4.4%

GS stock opened at $929.47 on Friday. The stock has a market cap of $278.78 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.14 and a beta of 1.34. 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 stock’s fifty day simple moving average is $909.26 and its two-hundred day simple moving average is $816.74. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70.

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

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

The Goldman Sachs Group News Summary

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

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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