737 Shares in The Goldman Sachs Group, Inc. $GS Acquired by Fund Advisors of America Inc FL

Fund Advisors of America Inc FL bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 737 shares of the investment management company’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. World Investment Advisors increased its stake in shares of The Goldman Sachs Group by 13.7% in the 4th quarter. World Investment Advisors now owns 12,383 shares of the investment management company’s stock worth $10,884,000 after acquiring an additional 1,493 shares during the last quarter. Vericrest Private Wealth purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $212,000. Meadowbrook Advisors Group LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $309,000. Downshift Financial LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $203,000. Finally, Advisortrust Partners LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $508,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,099.46 on Friday. The company has a market cap of $324.35 billion, a P/E ratio of 20.09, a PEG ratio of 1.43 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $630.01 and a fifty-two week high of $1,125.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The firm’s 50 day moving average price is $979.32 and its 200 day moving average price is $919.74.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $14.12 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.6%. The Goldman Sachs Group’s payout ratio is currently 32.89%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the transaction, the chief accounting officer owned 6,338 shares in the company, valued at $5,889,079.46. The trade was a 61.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,681 shares of company stock valued at $31,737,875. Corporate insiders own 0.55% of the company’s stock.

More The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. CICC Research increased their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. UBS Group upped their price target on The Goldman Sachs Group from $930.00 to $940.00 in a research note on Wednesday, May 6th. Weiss Ratings cut The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Bank of America cut their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $941.82.

View Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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