Sound Income Strategies LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 109.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90 shares of the investment management company’s stock after buying an additional 47 shares during the period. Sound Income Strategies LLC’s holdings in The Goldman Sachs Group were worth $31,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Accurate Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $31,000. Platform Technology Partners raised its position in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Platform Technology Partners now owns 4,218 shares of the investment management company’s stock valued at $1,449,000 after buying an additional 29 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of The Goldman Sachs Group by 2.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,835 shares of the investment management company’s stock valued at $630,000 after buying an additional 49 shares in the last quarter. EWG Elevate Inc. purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $89,000. Finally, Glassy Mountain Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $223,000. 69.09% of the stock is owned by institutional investors.
Insider Activity
In related news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $10.58, for a total transaction of $39,664.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.
The Goldman Sachs Group Trading Down 3.7 %
The Goldman Sachs Group (NYSE:GS – Get Rating) last announced its earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing analysts’ consensus estimates of $5.25 by ($1.93). The company had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.55%. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $10.81 EPS. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 33.14 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, March 1st. The Goldman Sachs Group’s payout ratio is 33.27%.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. JMP Securities reiterated a “market outperform” rating and issued a $470.00 target price on shares of The Goldman Sachs Group in a research report on Monday, March 13th. Odeon Capital Group upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $370.14 target price on the stock in a research report on Tuesday, January 10th. Wolfe Research cut shares of The Goldman Sachs Group from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 4th. Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $356.00 to $332.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $385.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $399.24.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.
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