Liberty One Investment Management LLC Buys 226 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Liberty One Investment Management LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,791 shares of the investment management company’s stock after purchasing an additional 226 shares during the quarter. Liberty One Investment Management LLC’s holdings in The Goldman Sachs Group were worth $5,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC increased its stake in shares of The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares during the period. ProVise Management Group LLC acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at approximately $285,000. GM Advisory Group LLC increased its position in The Goldman Sachs Group by 21.8% in the 2nd quarter. GM Advisory Group LLC now owns 592 shares of the investment management company’s stock worth $268,000 after buying an additional 106 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of The Goldman Sachs Group by 5.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,057 shares of the investment management company’s stock worth $2,740,000 after buying an additional 303 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of The Goldman Sachs Group by 1.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 64,548 shares of the investment management company’s stock valued at $29,196,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $626.84 on Friday. The stock has a market capitalization of $196.77 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 0.66 and a beta of 1.38. The firm’s 50-day moving average price is $587.22 and its two-hundred day moving average price is $529.85. 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 Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the company earned $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio is 35.21%.

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now 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 have sold a total of 20,940 shares of company stock worth $12,656,179 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GS. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley boosted their price objective 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. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $589.19.

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.