Lmcg Investments LLC Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Lmcg Investments LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,377 shares of the investment management company’s stock after buying an additional 2,845 shares during the quarter. The Goldman Sachs Group comprises about 1.8% of Lmcg Investments LLC’s investment portfolio, making the stock its 9th biggest holding. Lmcg Investments LLC’s holdings in The Goldman Sachs Group were worth $29,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Aspiriant LLC lifted its stake in shares of The Goldman Sachs Group by 5.8% in the fourth quarter. Aspiriant LLC now owns 981 shares of the investment management company’s stock worth $562,000 after buying an additional 54 shares in the last quarter. Chesapeake Wealth Management bought a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $208,000. Reliant Investment Management LLC boosted its stake in The Goldman Sachs Group by 8.2% during the 4th quarter. Reliant Investment Management LLC now owns 972 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 74 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in shares of The Goldman Sachs Group by 3.7% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,407 shares of the investment management company’s stock worth $2,524,000 after purchasing an additional 156 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of The Goldman Sachs Group by 1.4% in the fourth quarter. Ballentine Partners LLC now owns 8,181 shares of the investment management company’s stock worth $4,684,000 after purchasing an additional 111 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,940 shares of company stock worth $12,656,179. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on GS. Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup boosted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $589.19.

The Goldman Sachs Group Trading Up 2.3 %

Shares of GS opened at $626.84 on Tuesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $196.77 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.90 and a beta of 1.38. The company has a 50-day moving average of $587.22 and a 200 day moving average of $530.73. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company posted $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

About The Goldman Sachs Group

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.