Accredited Investors Inc. Purchases New Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Accredited Investors Inc. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 396 shares of the investment management company’s stock, valued at approximately $227,000.

Other large investors have also recently bought and sold shares of the company. Andrew Hill Investment Advisors Inc. raised its position in shares of The Goldman Sachs Group by 44.3% during the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 10,180 shares of the investment management company’s stock worth $5,830,000 after acquiring an additional 3,127 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in The Goldman Sachs Group by 9.1% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,591 shares of the investment management company’s stock worth $911,000 after purchasing an additional 133 shares during the period. Bank of Hawaii raised its holdings in The Goldman Sachs Group by 39.0% during the 4th quarter. Bank of Hawaii now owns 6,336 shares of the investment management company’s stock worth $3,628,000 after purchasing an additional 1,779 shares during the last quarter. Scotia Capital Inc. lifted its position in The Goldman Sachs Group by 29.8% during the 4th quarter. Scotia Capital Inc. now owns 61,185 shares of the investment management company’s stock valued at $35,036,000 after purchasing an additional 14,059 shares during the period. Finally, F M Investments LLC grew its position in shares of The Goldman Sachs Group by 36.6% during the 4th quarter. F M Investments LLC now owns 5,526 shares of the investment management company’s stock worth $3,164,000 after buying an additional 1,480 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JMP Securities reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. decreased their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Finally, Barclays upped their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $586.00.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $488.83 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19. The stock has a 50 day moving average of $579.26 and a 200-day moving average of $572.37. 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 $152.53 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.48 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was bought 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 owns 2,400 shares of the company’s stock, valued at $1,485,648. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.55% of the company’s stock.

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.