Lynx Investment Advisory Buys New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Lynx Investment Advisory acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 441 shares of the investment management company’s stock, valued at approximately $252,000.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB grew its holdings in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after purchasing an additional 13,730 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of The Goldman Sachs Group by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 23,413 shares of the investment management company’s stock worth $11,592,000 after buying an additional 417 shares in the last quarter. Meridian Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 8.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 1,268 shares of the investment management company’s stock worth $628,000 after buying an additional 96 shares during the last quarter. Nwam LLC grew its position in The Goldman Sachs Group by 1.9% in the third quarter. Nwam LLC now owns 1,675 shares of the investment management company’s stock valued at $829,000 after acquiring an additional 31 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in The Goldman Sachs Group by 4.4% during the third quarter. Nicolet Advisory Services LLC now owns 476 shares of the investment management company’s stock worth $231,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ? increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $565.00 on Monday. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19. The company has a market cap of $176.30 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.89 and a beta of 1.37. The firm has a 50-day moving average of $610.89 and a 200-day moving average of $569.20. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

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, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Analyst Ratings Changes

Several brokerages recently issued reports on GS. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Barclays raised their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $594.27.

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.