The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Raised by Raymond James & Associates

Raymond James & Associates raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,025 shares of the investment management company’s stock after purchasing an additional 180,674 shares during the period. Raymond James & Associates owned 0.19% of The Goldman Sachs Group worth $236,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Foundation Advisors increased its holdings in shares of The Goldman Sachs Group by 18.4% during the 2nd quarter. First Foundation Advisors now owns 1,771 shares of the investment management company’s stock valued at $571,000 after acquiring an additional 275 shares during the last quarter. TBH Global Asset Management LLC grew its holdings in The Goldman Sachs Group by 2.0% in the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 72 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings in The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares during the last quarter. Syon Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $1,395,000. Finally, Fort Point Capital Partners LLC lifted its position in shares of The Goldman Sachs Group by 11.1% in the 2nd quarter. Fort Point Capital Partners LLC now owns 728 shares of the investment management company’s stock worth $235,000 after acquiring an additional 73 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. UBS Group lifted their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Barclays lifted their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Edward Jones began coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $406.87.

Read Our Latest Report on The Goldman Sachs Group

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold a total of 38,907 shares of company stock valued at $15,080,021 over the last 90 days. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

GS opened at $406.82 on Monday. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $416.76. The firm has a market capitalization of $132.03 billion, a PE ratio of 17.83, a PEG ratio of 1.59 and a beta of 1.42. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50-day simple moving average is $386.76 and its 200 day simple moving average is $355.97.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $1.86. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The Goldman Sachs Group’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.32 earnings per share. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 32.6 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

About The Goldman Sachs Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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