Mitchell & Pahl Private Wealth LLC Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mitchell & Pahl Private Wealth LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,407 shares of the investment management company’s stock after acquiring an additional 156 shares during the quarter. The Goldman Sachs Group comprises about 1.2% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 23rd largest position. Mitchell & Pahl Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $2,524,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new stake in The Goldman Sachs Group in the 2nd quarter worth about $26,000. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth approximately $30,000. DT Investment Partners LLC raised its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the period. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group during the 3rd quarter valued at $34,000. Finally, Country Trust Bank purchased a new position in The Goldman Sachs Group during the 3rd quarter valued at $37,000. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,940 shares of company stock worth $12,656,179. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 2.3 %

NYSE GS opened at $626.84 on Tuesday. The firm has a market cap of $196.77 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $627.00. 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 company has a 50 day moving average price of $587.22 and a 200 day moving average price of $530.73.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared 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 annualized dividend 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 presently 29.59%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, UBS Group reissued a “neutral” rating and issued a $610.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $589.19.

About The Goldman Sachs Group

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.