Parisi Gray Wealth Management raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,142 shares of the investment management company’s stock after purchasing an additional 90 shares during the quarter. Parisi Gray Wealth Management’s holdings in The Goldman Sachs Group were worth $829,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its holdings in The Goldman Sachs Group by 0.6% during the fourth quarter. BlackRock Inc. now owns 21,081,144 shares of the investment management company’s stock worth $5,559,314,000 after buying an additional 132,529 shares in the last quarter. State Street Corp raised its position in shares of The Goldman Sachs Group by 1.9% in the third quarter. State Street Corp now owns 20,053,490 shares of the investment management company’s stock valued at $4,030,150,000 after buying an additional 370,673 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of The Goldman Sachs Group by 11.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,055,510 shares of the investment management company’s stock valued at $2,623,767,000 after buying an additional 1,392,213 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of The Goldman Sachs Group by 3.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,580,079 shares of the investment management company’s stock valued at $944,103,000 after buying an additional 110,499 shares during the last quarter. Finally, Greenhaven Associates Inc. raised its position in shares of The Goldman Sachs Group by 3.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,064,188 shares of the investment management company’s stock valued at $808,057,000 after buying an additional 90,008 shares during the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.

A number of brokerages have recently commented on GS. Credit Suisse Group reiterated a “buy” rating and issued a $345.00 target price (up from $325.00) on shares of The Goldman Sachs Group in a research report on Wednesday, January 20th. Zacks Investment Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating and set a $265.00 price objective for the company in a research report on Tuesday, December 1st. Oppenheimer restated a “buy” rating and set a $449.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, February 10th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $357.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, January 22nd. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $308.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, January 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $302.77.

GS traded down $3.89 during trading on Tuesday, hitting $312.98. The stock had a trading volume of 31,351 shares, compared to its average volume of 3,386,542. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $107.69 billion, a P/E ratio of 13.35, a PEG ratio of 0.65 and a beta of 1.50. The company’s 50-day moving average price is $293.91 and its 200 day moving average price is $235.62. The Goldman Sachs Group, Inc. has a twelve month low of $130.85 and a twelve month high of $320.56.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, January 18th. The investment management company reported $12.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.47 by $4.61. The company had revenue of $11.74 billion for the quarter, compared to analysts’ expectations of $10.07 billion. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The Goldman Sachs Group’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.69 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 26.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 30th. Shareholders of record on Tuesday, March 2nd will be paid a $1.25 dividend. The ex-dividend date is Monday, March 1st. This represents a $5.00 annualized dividend and a yield of 1.60%. The Goldman Sachs Group’s dividend payout ratio is currently 23.78%.

In related news, CFO Stephen M. Scherr sold 20,000 shares of the business’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $312.61, for a total value of $6,252,200.00. Also, insider Laurence Stein sold 10,748 shares of the business’s stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $277.93, for a total transaction of $2,987,191.64. Insiders sold a total of 40,748 shares of company stock worth $12,371,892 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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