Twin Peaks Wealth Advisors LLC Acquires New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Twin Peaks Wealth Advisors LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 414 shares of the investment management company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $29,000. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in The Goldman Sachs Group during the third quarter worth about $38,000. Finally, JDM Financial Group LLC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,475 shares of company stock worth $19,692,543. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Up 0.1 %

Shares of The Goldman Sachs Group stock opened at $626.24 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The stock has a market capitalization of $195.41 billion, a P/E ratio of 15.44, a PEG ratio of 0.89 and a beta of 1.39. The stock has a 50 day moving average price of $612.38 and a two-hundred day moving average price of $559.91. 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 posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the company posted $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GS shares. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report 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, Morgan Stanley lifted their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note 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 company presently has an average rating of “Moderate Buy” and an average price target of $593.56.

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.