By otakuyassine3@gmail.com 
Costello Asset Management INC grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 110.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242 shares of the investment management company’s stock after purchasing an additional 127 shares during the period. Costello Asset Management INC’s holdings in The Goldman Sachs Group were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in GS. Independence Bank of Kentucky grew its position in The Goldman Sachs Group by 2.3% in the fourth quarter. Independence Bank of Kentucky now owns 1,552 shares of the investment management company’s stock worth $889,000 after buying an additional 35 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth $414,000. KG&L Capital Management LLC raised its position in shares of The Goldman Sachs Group by 2.1% during the fourth quarter. KG&L Capital Management LLC now owns 7,060 shares of the investment management company’s stock worth $4,006,000 after purchasing an additional 146 shares during the period. Western Financial Corp CA lifted its holdings in shares of The Goldman Sachs Group by 20.2% during the fourth quarter. Western Financial Corp CA now owns 3,260 shares of the investment management company’s stock valued at $1,867,000 after purchasing an additional 548 shares during the last quarter. Finally, Marietta Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 0.5% in the 4th quarter. Marietta Wealth Management LLC now owns 17,749 shares of the investment management company’s stock valued at $10,164,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
The Goldman Sachs Group Price Performance
NYSE GS opened at $640.15 on Friday. The firm has a market cap of $198.73 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The stock’s 50-day moving average is $596.07 and its two-hundred day moving average is $541.17. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week 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 Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results 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 return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company earned $5.48 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.87%. The Goldman Sachs Group’s payout ratio is presently 29.59%.
Analysts Set New Price Targets
Several analysts have issued reports on the company. UBS Group boosted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Bank of America boosted their target price on shares of 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. increased their target price 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. Finally, Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.
Check Out Our Latest Stock Report on The Goldman Sachs Group
Insider Buying and Selling
In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,865 shares of company stock worth $25,286,862 in the last quarter. 0.54% of the stock is currently owned by company insiders.
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.
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