561 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Berry Wealth Group LP

Berry Wealth Group LP bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, HoldingsChannel reports. The firm bought 561 shares of the investment management company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Albert D Mason Inc. grew its stake in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after buying an additional 27 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after acquiring an additional 28 shares in the last quarter. Avitas Wealth Management LLC increased its stake in The Goldman Sachs Group by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after acquiring an additional 29 shares during the last quarter. Addison Advisors LLC raised its position in The Goldman Sachs Group by 7.5% during the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 29 shares during the period. Finally, Samalin Investment Counsel LLC raised its position in The Goldman Sachs Group by 3.5% during the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.2 %

Shares of The Goldman Sachs Group stock traded down $0.71 during trading on Wednesday, reaching $426.00. The company’s stock had a trading volume of 630,038 shares, compared to its average volume of 2,358,246. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $433.33. The company has a 50-day simple moving average of $402.04 and a two-hundred day simple moving average of $372.58. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The company has a market cap of $138.25 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.36 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the business posted $8.79 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insiders Place Their Bets

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred 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 owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following 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. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HSBC boosted their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Citigroup raised their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Bank of America upped their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Barclays lifted their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, UBS Group raised their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. 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.com, the company has an average rating of “Moderate Buy” and an average target price of $437.04.

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.