M.E. Allison & CO. Inc. Invests $307,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

M.E. Allison & CO. Inc. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 537 shares of the investment management company’s stock, valued at approximately $307,000.

A number of other institutional investors have also bought and sold shares of the company. Semmax Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $26,000. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $30,000. DT Investment Partners LLC increased its holdings in The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares during the period. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter valued at $34,000. Finally, Country Trust Bank bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $37,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $626.84 on Monday. 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 stock’s fifty day moving average price is $587.22 and its 200-day moving average price is $530.29. The firm has a market cap of $196.77 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $627.00.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 9.89% and a return on equity of 11.39%. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the firm earned $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued 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 1.91%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley upped their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $589.19.

Insider Activity

In other news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock valued at $12,656,179 over the last ninety days. 0.57% of the stock is currently owned by insiders.

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.