The Goldman Sachs Group, Inc. (NYSE:GS) Position Raised by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,659 shares of the investment management company’s stock after purchasing an additional 18 shares during the period. Prestige Wealth Management Group LLC’s holdings in The Goldman Sachs Group were worth $950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in The Goldman Sachs Group by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after purchasing an additional 112,696 shares in the last quarter. FMR LLC grew its holdings in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after acquiring an additional 521,054 shares during the period. Charles Schwab Investment Management Inc. raised its position in The Goldman Sachs Group by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock worth $1,109,081,000 after acquiring an additional 22,794 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The Goldman Sachs Group by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after acquiring an additional 18,541 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after purchasing an additional 62,246 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 2.8 %

GS stock opened at $581.12 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The company has a fifty day simple moving average of $611.24 and a 200 day simple moving average of $569.86. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $181.33 billion, a PE ratio of 14.33, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.48 EPS. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.06%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Analysts Set New Price Targets

Several research firms have issued reports on GS. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup decreased their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday. Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. UBS Group raised their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $591.93.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at $1,485,648. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 in the last ninety days. 0.54% of the stock is currently owned by insiders.

About The Goldman Sachs Group

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.