Wealthcare Advisory Partners LLC Has $746,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Wealthcare Advisory Partners LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,934 shares of the investment management company’s stock after purchasing an additional 248 shares during the period. Wealthcare Advisory Partners LLC’s holdings in The Goldman Sachs Group were worth $746,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Brown Advisory Inc. raised its holdings in The Goldman Sachs Group by 15.6% during the third quarter. Brown Advisory Inc. now owns 13,462 shares of the investment management company’s stock valued at $4,356,000 after buying an additional 1,812 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of The Goldman Sachs Group by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,021 shares of the investment management company’s stock valued at $26,217,000 after acquiring an additional 1,370 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in The Goldman Sachs Group by 6.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,151 shares of the investment management company’s stock worth $344,000 after purchasing an additional 73 shares during the last quarter. Park Avenue Securities LLC bought a new stake in The Goldman Sachs Group during the third quarter worth approximately $1,618,000. Finally, Conning Inc. grew its holdings in The Goldman Sachs Group by 1.7% during the third quarter. Conning Inc. now owns 2,330 shares of the investment management company’s stock valued at $754,000 after purchasing an additional 40 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.7 %

Shares of GS stock opened at $446.95 on Thursday. The stock has a market cap of $145.05 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $448.02. The firm has a fifty day moving average of $406.72 and a 200-day moving average of $377.23.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.79 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced 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. This represents a $11.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Buying and Selling

In other 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 completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold a total of 29,330 shares of company stock worth $11,713,578 in the last three months. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Edward Jones started coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. BMO Capital Markets raised their price target 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. Bank of America boosted their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Oppenheimer raised their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.57.

The Goldman Sachs Group Company 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.