Falcon Wealth Planning Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Falcon Wealth Planning grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 480 shares of the investment management company’s stock after acquiring an additional 26 shares during the quarter. Falcon Wealth Planning’s holdings in The Goldman Sachs Group were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in GS. Perigon Wealth Management LLC grew its position in The Goldman Sachs Group by 36.2% during the fourth quarter. Perigon Wealth Management LLC now owns 12,103 shares of the investment management company’s stock valued at $7,419,000 after buying an additional 3,216 shares during the period. KFA Private Wealth Group LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $204,000. Revolve Wealth Partners LLC raised its holdings in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares during the period. Sterling Investment Counsel LLC raised its holdings in shares of The Goldman Sachs Group by 5.1% in the 4th quarter. Sterling Investment Counsel LLC now owns 450 shares of the investment management company’s stock worth $258,000 after purchasing an additional 22 shares during the period. Finally, YHB Investment Advisors Inc. lifted its stake in The Goldman Sachs Group by 2.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 10,444 shares of the investment management company’s stock valued at $5,980,000 after purchasing an additional 260 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GS has been the topic of several research reports. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JMP Securities lifted their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Bank of America boosted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,657 shares of company stock valued at $21,973,272. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 0.7 %

Shares of The Goldman Sachs Group stock opened at $637.71 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54. The firm has a market cap of $200.18 billion, a PE ratio of 15.73, a PEG ratio of 0.88 and a beta of 1.38. The company has a 50 day simple moving average of $592.09 and a two-hundred day simple moving average of $537.59.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the business earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. Analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.