Morris Financial Concepts Inc. Purchases 18 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Morris Financial Concepts Inc. increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 536 shares of the investment management company’s stock after purchasing an additional 18 shares during the quarter. Morris Financial Concepts Inc.’s holdings in The Goldman Sachs Group were worth $307,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Mizuho Securities USA LLC increased its stake in shares of The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the period. Fisher Asset Management LLC increased its position in The Goldman Sachs Group by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after buying an additional 161,133 shares during the period. FMR LLC increased its holdings in The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after buying an additional 521,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of The Goldman Sachs Group by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after buying an additional 18,541 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of The Goldman Sachs Group by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock worth $898,428,000 after acquiring an additional 62,246 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $649.17 on Thursday. The Goldman Sachs Group, Inc. has a twelve month low of $375.20 and a twelve month high of $663.87. The firm has a fifty day simple moving average of $601.88 and a 200 day simple moving average of $549.42. The company has a market capitalization of $201.53 billion, a PE ratio of 16.01, a P/E/G ratio of 0.91 and a beta of 1.39. 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 (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 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 quarter last year, the firm earned $5.48 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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 research report on Friday, January 3rd. Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,475 shares of company stock valued at $19,692,543. Corporate insiders own 0.54% of the company’s stock.

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.