U S Wealth Group LLC. Buys Shares of 4,971 The Goldman Sachs Group, Inc. (NYSE:GS)

U S Wealth Group LLC. purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,971 shares of the investment management company’s stock, valued at approximately $2,846,000. The Goldman Sachs Group makes up approximately 2.2% of U S Wealth Group LLC.’s holdings, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Morse Asset Management Inc acquired a new position in The Goldman Sachs Group in the third quarter worth about $911,000. EP Wealth Advisors LLC grew its position in shares of The Goldman Sachs Group by 70.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 5,699 shares of the investment management company’s stock worth $2,822,000 after acquiring an additional 2,350 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $304,000. Zacks Investment Management raised its position in shares of The Goldman Sachs Group by 24.8% during the 3rd quarter. Zacks Investment Management now owns 1,746 shares of the investment management company’s stock valued at $864,000 after acquiring an additional 347 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in The Goldman Sachs Group by 11.3% in the third quarter. Orion Portfolio Solutions LLC now owns 12,930 shares of the investment management company’s stock worth $6,402,000 after purchasing an additional 1,308 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The transaction 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 stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last quarter. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GS. Wells Fargo & Company reduced their price target on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup reduced their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Finally, Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $589.19.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $469.57 on Monday. 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 firm’s 50 day moving average is $597.54 and its 200-day moving average is $573.99. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The stock has a market capitalization of $146.52 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the previous year, the business posted $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

The Goldman Sachs Group Company 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.