Vest Financial LLC Has $1.03 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Vest Financial LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 19.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,797 shares of the investment management company’s stock after buying an additional 287 shares during the quarter. Vest Financial LLC’s holdings in The Goldman Sachs Group were worth $1,029,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Ritholtz Wealth Management grew its position in The Goldman Sachs Group by 11.6% during the 3rd quarter. Ritholtz Wealth Management now owns 7,272 shares of the investment management company’s stock worth $3,600,000 after acquiring an additional 756 shares during the last quarter. Carnegie Investment Counsel grew its holdings in shares of The Goldman Sachs Group by 1.8% during the third quarter. Carnegie Investment Counsel now owns 5,825 shares of the investment management company’s stock worth $2,884,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of The Goldman Sachs Group by 46.8% in the third quarter. Exchange Traded Concepts LLC now owns 2,618 shares of the investment management company’s stock valued at $1,296,000 after buying an additional 835 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of The Goldman Sachs Group by 70.1% in the third quarter. CHICAGO TRUST Co NA now owns 920 shares of the investment management company’s stock valued at $456,000 after buying an additional 379 shares during the last quarter. Finally, Factory Mutual Insurance Co. acquired a new position in The Goldman Sachs Group during the 3rd quarter worth about $23,369,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GS shares. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Bank of America increased their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.06.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $655.76 on Monday. The stock’s fifty day simple moving average is $600.00 and its 200 day simple moving average is $546.84. The Goldman Sachs Group, Inc. has a 12 month low of $375.20 and a 12 month high of $663.87. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $203.58 billion, a PE ratio of 16.17, a PEG ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued 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 1.83%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

The Goldman Sachs Group 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.