Constitution Capital LLC Purchases 250 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Constitution Capital LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 41.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 850 shares of the investment management company’s stock after purchasing an additional 250 shares during the quarter. Constitution Capital LLC’s holdings in The Goldman Sachs Group were worth $487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Central Valley Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $206,000. Edge Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $216,000. Cypress Wealth Services LLC grew its position in shares of The Goldman Sachs Group by 9.0% during the 4th quarter. Cypress Wealth Services LLC now owns 1,247 shares of the investment management company’s stock valued at $714,000 after acquiring an additional 103 shares during the period. Ritholtz Wealth Management increased its stake in shares of The Goldman Sachs Group by 7.7% in the 4th quarter. Ritholtz Wealth Management now owns 7,835 shares of the investment management company’s stock worth $4,487,000 after purchasing an additional 563 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in The Goldman Sachs Group by 2.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 4,163 shares of the investment management company’s stock worth $2,384,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $612.17 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $372.07 and a 52-week high of $616.84. The company has a market cap of $192.17 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.66 and a beta of 1.38. The firm’s fifty day moving average is $585.87 and its 200 day moving average is $528.13. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.96%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer reduced their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday. JMP Securities upped their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Bank of America lifted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $589.19.

Insider Buying and Selling

In other news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock valued at $12,656,179 in the last ninety days. 0.57% of the stock is owned by company insiders.

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.