The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 888 shares of the investment management company’s stock after acquiring an additional 58 shares during the quarter. Revolve Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GS. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at $30,000. DT Investment Partners LLC boosted its stake in The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter worth about $34,000. Country Trust Bank acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $37,000. Finally, Hershey Financial Advisers LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $38,000. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,017 shares of company stock valued at $19,655,538. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $632.13 on Tuesday. The company has a 50-day moving average of $591.21 and a two-hundred day moving average of $536.52. The stock has a market cap of $198.43 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.88 and a beta of 1.38. 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, Inc. has a one year low of $374.24 and a one year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the business posted $5.48 EPS. The company’s revenue was up 22.5% on a year-over-year basis. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.90%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GS shares. UBS Group increased 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. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, JMP Securities upped their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.