M.E. Allison & CO. Inc. Buys New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

M.E. Allison & CO. Inc. bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 537 shares of the investment management company’s stock, valued at approximately $307,000.

A number of other hedge funds also recently made changes to their positions in GS. Waddell & Associates LLC lifted its stake in shares of The Goldman Sachs Group by 2.1% during the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after purchasing an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC increased its holdings in The Goldman Sachs Group by 0.7% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after purchasing an additional 18 shares during the last quarter. Bank of New Hampshire raised its position in shares of The Goldman Sachs Group by 8.0% in the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after purchasing an additional 18 shares in the last quarter. First Pacific Financial boosted its stake in shares of The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after buying an additional 20 shares during the last quarter. Finally, Krane Funds Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.7% during the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the sale, the director now owns 608,425 shares in the company, valued at $372,404,774. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock valued at $12,656,179 over the last 90 days. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Up 2.3 %

GS opened at $626.84 on Monday. The Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $627.00. The company has a market capitalization of $196.77 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.66 and a beta of 1.38. 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 firm’s fifty day moving average price is $587.22 and its two-hundred day moving average price is $530.29.

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, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period last year, the business earned $5.48 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GS shares. JMP Securities raised their price target on shares of 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. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Evercore ISI lifted their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $589.19.

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.