Glass Jacobson Investment Advisors llc Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Glass Jacobson Investment Advisors llc raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 801 shares of the investment management company’s stock after acquiring an additional 59 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in The Goldman Sachs Group were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth about $911,000. Sunbelt Securities Inc. boosted its stake in shares of The Goldman Sachs Group by 5.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 905 shares of the investment management company’s stock worth $448,000 after purchasing an additional 47 shares during the last quarter. M&T Bank Corp grew its holdings in shares of The Goldman Sachs Group by 0.6% during the third quarter. M&T Bank Corp now owns 27,271 shares of the investment management company’s stock worth $13,502,000 after buying an additional 157 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of The Goldman Sachs Group by 8.8% in the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company’s stock valued at $1,759,000 after buying an additional 286 shares during the last quarter. Finally, Chelsea Counsel Co. lifted its stake in shares of The Goldman Sachs Group by 400.0% during the third quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company’s stock valued at $186,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.0 %

NYSE GS opened at $494.61 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19. The business has a 50 day moving average price of $576.46 and a two-hundred day moving average price of $572.40. The stock has a market cap of $154.34 billion, a PE ratio of 12.20, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm earned $5.48 earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a report on Tuesday. Evercore ISI cut their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Finally, Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $586.00.

Insider Activity at The Goldman Sachs Group

In related news, Director Kevin R. Johnson bought 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the purchase, the director now owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Treasurer Carey Halio sold 3,640 shares of the 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 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 90 days, insiders sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.55% of the company’s stock.

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.