The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 39.3% during the fourth quarter, Holdings Channel reports. The firm owned 755 shares of the investment management company’s stock after purchasing an additional 213 shares during the period. LaSalle St. Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $432,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth $30,000. Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $503.77 on Tuesday. 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 company has a market capitalization of $157.20 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a twelve month low of $395.18 and a twelve month high of $672.19. The business has a 50 day simple moving average of $573.63 and a 200-day simple moving average of $572.96.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm earned $11.58 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.38%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GS. Citigroup decreased their target price 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, March 24th. Evercore ISI decreased their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company lowered their price objective on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $586.00.

Insiders Place Their Bets

In other news, Director Kevin R. Johnson acquired 2,400 shares of the company’s 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 acquisition, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last quarter. Insiders own 0.55% of the company’s stock.

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.