Hillsdale Investment Management Inc. Boosts Stock Position in The Goldman Sachs Group, Inc. $GS

Hillsdale Investment Management Inc. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 545.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,876 shares of the investment management company’s stock after buying an additional 5,810 shares during the period. Hillsdale Investment Management Inc.’s holdings in The Goldman Sachs Group were worth $5,476,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in The Goldman Sachs Group during the third quarter valued at $26,000. First PREMIER Bank acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $28,000. Corundum Trust Company INC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $29,000. Clearstead Trust LLC acquired a new stake in The Goldman Sachs Group during the second quarter worth about $31,000. Finally, Elevation Wealth Partners LLC lifted its holdings in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Rothschild & Co Redburn increased their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Argus lifted their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Bank of America boosted their target price on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Daiwa Securities Group increased their price target on The Goldman Sachs Group from $927.00 to $940.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $916.86.

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Key Headlines Impacting The Goldman Sachs Group

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

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the completion of the sale, the treasurer directly owned 2,017 shares in the company, valued at approximately $1,870,101.89. This trade represents a 58.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 0.6%

NYSE:GS opened at $922.03 on Friday. The firm has a market capitalization of $276.54 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.13 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The business’s fifty day moving average price is $922.42 and its 200 day moving average price is $830.81.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $11.95 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is currently 31.20%.

The Goldman Sachs Group Company 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.

Further Reading

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

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