Lindbrook Capital LLC Increases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Lindbrook Capital LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 47.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 960 shares of the investment management company’s stock after purchasing an additional 308 shares during the quarter. Lindbrook Capital LLC’s holdings in The Goldman Sachs Group were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GS. Onyx Bridge Wealth Group LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at about $207,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $42,000. Naples Money Management LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $155,000. Tanager Wealth Management LLP bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $212,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $201,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 0.2 %

Shares of NYSE:GS opened at $404.00 on Monday. 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 quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The stock has a market cap of $131.11 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. The business’s 50 day moving average is $396.43 and its 200 day moving average is $367.03.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the firm earned $8.79 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.72%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,277 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 $379.81, for a total transaction of $2,763,877.37. Following the sale, the insider now owns 6,501 shares of the company’s stock, valued at $2,469,144.81. The disclosure for this sale can be found here. Insiders sold a total of 35,907 shares of company stock valued at $13,950,851 in the last ninety days. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GS shares. Barclays boosted their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. UBS Group raised their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research report on Tuesday, April 16th. Royal Bank of Canada boosted their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

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.