Orion Portfolio Solutions LLC Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Orion Portfolio Solutions LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,265 shares of the investment management company’s stock after purchasing an additional 1,335 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in The Goldman Sachs Group were worth $8,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its position in The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after acquiring an additional 16 shares during the last quarter. Ledyard National Bank lifted its stake in The Goldman Sachs Group by 3.4% in the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock worth $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after purchasing an additional 16 shares during the last quarter. Pointe Capital Management LLC grew its position in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock valued at $951,000 after purchasing an additional 16 shares in the last quarter. Finally, Genesee Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after purchasing an additional 17 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on GS. Morgan Stanley lowered their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Barclays upped their price objective 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. UBS Group lifted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company cut their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a report on Friday. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $590.60.

The Goldman Sachs Group Trading Down 2.8 %

Shares of NYSE GS opened at $543.04 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $169.45 billion, a PE ratio of 13.39, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19. The stock has a fifty day simple moving average of $608.15 and a 200-day simple moving average of $570.93.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.48 earnings per share. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin R. Johnson purchased 2,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now directly owns 2,400 shares of the company’s stock, valued at $1,485,648. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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.