Concord Asset Management LLC VA Acquires 455 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Concord Asset Management LLC VA increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,799 shares of the investment management company’s stock after purchasing an additional 455 shares during the period. Concord Asset Management LLC VA’s holdings in The Goldman Sachs Group were worth $2,748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Procyon Advisors LLC boosted its position in shares of The Goldman Sachs Group by 5.5% during the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 43 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock worth $2,268,000 after buying an additional 761 shares in the last quarter. Franklin Street Advisors Inc. NC grew its position in shares of The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares during the period. Nordea Investment Management AB increased its stake in shares of The Goldman Sachs Group by 30.3% in the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after acquiring an additional 49,710 shares in the last quarter. Finally, Park Edge Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $703,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GS shares. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Bank of America upped their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JMP Securities upped their target price on 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. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $591.06.

Insider Buying and Selling

In related news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,865 shares of company stock worth $25,286,862 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 0.9 %

Shares of GS opened at $640.15 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $650.00. The business has a 50-day moving average of $595.32 and a 200 day moving average of $540.14. The firm has a market cap of $198.73 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the business posted $5.48 earnings per share. The business’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 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.