Jackson Grant Investment Advisers Inc. Purchases 16 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Jackson Grant Investment Advisers Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163 shares of the investment management company’s stock after acquiring an additional 16 shares during the period. Jackson Grant Investment Advisers Inc.’s holdings in The Goldman Sachs Group were worth $93,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GS. Genesee Capital Advisors LLC boosted its holdings in The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after acquiring an additional 17 shares in the last quarter. Horst & Graben Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 1.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after buying an additional 17 shares during the period. Waddell & Associates LLC boosted its position in The Goldman Sachs Group by 2.1% during the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC grew its holdings in shares of The Goldman Sachs Group by 0.7% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after acquiring an additional 18 shares during the period. Finally, Bank of New Hampshire raised its position in shares of The Goldman Sachs Group by 8.0% in the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after acquiring an additional 18 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 in the last ninety days. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, JMP Securities raised their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $645.13 on Thursday. 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 firm has a market cap of $200.28 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business has a 50-day simple moving average of $597.24 and a two-hundred day simple moving average of $543.79. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $650.00.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the company earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. 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 1.86%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.