Legacy Financial Advisors Inc. Purchases 137 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Legacy Financial Advisors Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,298 shares of the investment management company’s stock after buying an additional 137 shares during the period. Legacy Financial Advisors Inc.’s holdings in The Goldman Sachs Group were worth $501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $32,000. Cambridge Trust Co. raised its position in The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC raised its position in The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares during the period. Signature Resources Capital Management LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $39,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $42,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $5.61 during trading hours on Friday, hitting $438.18. 2,406,445 shares of the stock traded hands, compared to its average volume of 2,599,859. 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 firm’s 50 day moving average price is $404.59 and its 200-day moving average price is $374.23. The stock has a market capitalization of $142.20 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.36 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $442.30.

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 the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.79 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed 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 of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.51%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GS shares. HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Evercore ISI increased their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $437.04.

Insider Activity

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’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 completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock valued at $11,713,578 in the last quarter. 0.54% of the stock is currently owned by company insiders.

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.