Money Concepts Capital Corp Sells 26 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Money Concepts Capital Corp lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,994 shares of the investment management company’s stock after selling 26 shares during the period. Money Concepts Capital Corp’s holdings in The Goldman Sachs Group were worth $1,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Procyon Advisors LLC raised its stake in The Goldman Sachs Group by 5.5% in the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 43 shares in the last quarter. Brookstone Capital Management grew its stake in The Goldman Sachs Group by 19.9% in the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock worth $2,268,000 after buying an additional 761 shares in the last quarter. Franklin Street Advisors Inc. NC increased its holdings in shares of The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares during the last quarter. Park Edge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $703,000. Finally, Nordea Investment Management AB lifted its holdings in shares of The Goldman Sachs Group by 30.3% during the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after acquiring an additional 49,710 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 1.7 %

NYSE GS opened at $645.13 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $650.00. 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 business’s 50-day moving average is $597.24 and its 200 day moving average is $543.79. The stock has a market capitalization of $200.28 billion, a PE ratio of 15.91, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 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 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 firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 608,425 shares of the company’s stock, valued at $372,404,774. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 over the last 90 days. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research reports. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America raised their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

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.