Tennessee Valley Asset Management Partners Invests $162,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Tennessee Valley Asset Management Partners bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 419 shares of the investment management company’s stock, valued at approximately $162,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Wealth Management LLC DE lifted its holdings in The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after acquiring an additional 650,918 shares during the last quarter. Morgan Stanley lifted its holdings in The Goldman Sachs Group by 7.8% in the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after acquiring an additional 412,383 shares during the last quarter. Wellington Management Group LLP lifted its holdings in The Goldman Sachs Group by 17.5% in the third quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock valued at $556,295,000 after acquiring an additional 255,690 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in The Goldman Sachs Group in the third quarter valued at approximately $64,070,000. Finally, Raymond James & Associates raised its position in The Goldman Sachs Group by 41.9% in the fourth 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 and hedge funds.

Analyst Ratings Changes

GS has been the topic of a number of research analyst reports. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. JMP Securities boosted their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 3.3 %

The Goldman Sachs Group stock opened at $417.44 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $419.20. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The stock has a market cap of $135.47 billion, a PE ratio of 16.30, a P/E/G ratio of 1.30 and a beta of 1.43. The stock’s fifty day moving average is $396.92 and its two-hundred day moving average is $367.80.

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. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.39 EPS 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, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

The Goldman Sachs Group 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.