Intellus Advisors LLC Acquires Shares of 400 The Goldman Sachs Group, Inc. (NYSE:GS)

Intellus Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 400 shares of the investment management company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GS. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $30,000. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.4 %

The Goldman Sachs Group stock opened at $565.00 on Friday. The business has a 50-day simple moving average of $610.89 and a two-hundred day simple moving average of $568.09. The company has a market cap of $176.30 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week 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 Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.48 EPS. 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid 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 2.12%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Kevin R. Johnson acquired 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the transaction, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction dated 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. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 in the last three months. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GS. JPMorgan Chase & Co. raised their price target 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. Morgan Stanley reduced their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $594.27.

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.