Strategic Blueprint LLC Sells 47 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Strategic Blueprint LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,441 shares of the investment management company’s stock after selling 47 shares during the period. Strategic Blueprint LLC’s holdings in The Goldman Sachs Group were worth $942,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Trueblood Wealth Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $989,000. TBH Global Asset Management LLC lifted its stake in shares of 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 purchasing an additional 72 shares during the period. Congress Wealth Management LLC DE lifted its stake in shares of 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 purchasing an additional 650,918 shares during the period. Syon Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $1,395,000. Finally, Raymond James & Associates lifted its stake in shares of The Goldman Sachs Group by 41.9% in the 4th quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock valued at $236,101,000 after purchasing an additional 180,674 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GS. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. BMO Capital Markets increased their price target on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Oppenheimer cut their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Edward Jones started coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Finally, UBS Group raised their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $423.05.

Insider Activity

In other news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,907 shares of company stock worth $15,080,021. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 0.1 %

The Goldman Sachs Group stock opened at $410.78 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. 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 stock has a market capitalization of $133.31 billion, a P/E ratio of 18.00, a PEG ratio of 1.58 and a beta of 1.43. The stock has a 50-day simple moving average of $394.09 and a 200 day simple moving average of $362.53.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data 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 firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $3.32 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 33.14 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $2.75 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.68%. The Goldman Sachs Group’s payout ratio is 48.20%.

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.