Davies Financial Advisors Inc. Has $597,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Davies Financial Advisors Inc. cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,043 shares of the investment management company’s stock after selling 59 shares during the quarter. Davies Financial Advisors Inc.’s holdings in The Goldman Sachs Group were worth $597,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GS. Semmax Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at about $26,000. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter worth about $30,000. DT Investment Partners LLC raised its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $34,000. Finally, Country Trust Bank acquired a new position in The Goldman Sachs Group during the 3rd quarter worth approximately $37,000. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GS. Bank of America lifted their price objective 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. Citigroup boosted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Evercore ISI raised their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. UBS Group reiterated a “neutral” rating and set a $610.00 target price on shares of The Goldman Sachs Group in a report on Monday, January 6th. Finally, JMP Securities boosted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $589.19.

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. This represents a 10.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock worth $12,656,179 in the last 90 days. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $626.84 on Tuesday. The stock has a market cap of $196.77 billion, a PE ratio of 15.46, a P/E/G ratio of 0.90 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a 50-day moving average of $587.22 and a 200-day moving average of $530.73. The Goldman Sachs Group, Inc. has a 52-week low of $372.07 and a 52-week high of $627.00.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 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.