Aristides Capital LLC Purchases 290 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Aristides Capital LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,690 shares of the investment management company’s stock after purchasing an additional 290 shares during the period. Aristides Capital LLC’s holdings in The Goldman Sachs Group were worth $1,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GS. Asset Management One Co. Ltd. raised its holdings in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares in the last quarter. Baxter Bros Inc. grew its position in The Goldman Sachs Group by 1.0% in the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock valued at $8,879,000 after acquiring an additional 151 shares during the period. Erste Asset Management GmbH raised its stake in The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after acquiring an additional 320 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its holdings in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after acquiring an additional 2,863 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $356,000. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Barclays lifted their target price on shares of 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. Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research report on Friday. Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $589.19.

The Goldman Sachs Group Stock Down 8.1 %

Shares of NYSE GS opened at $469.57 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The firm’s 50-day moving average is $597.54 and its 200-day moving average is $573.37. 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 firm has a market capitalization of $146.52 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

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

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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 2.56%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

The Goldman Sachs Group Company 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.