Sunpointe LLC Purchases 33 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sunpointe LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 540 shares of the investment management company’s stock after acquiring an additional 33 shares during the quarter. Sunpointe LLC’s holdings in The Goldman Sachs Group were worth $309,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. DT Investment Partners LLC lifted its position in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the sale, the treasurer now directly owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. The trade was a 44.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. 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 over the last 90 days. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

GS stock opened at $668.02 on Thursday. The company’s 50-day moving average price is $609.75 and its two-hundred day moving average price is $555.95. The Goldman Sachs Group, Inc. has a 12 month low of $380.85 and a 12 month high of $672.19. 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 firm has a market cap of $207.39 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.92 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $5.48 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal 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 $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analyst Ratings Changes

GS has been the subject of several research reports. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased their target price on 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $593.56.

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.