Robertson Stephens Wealth Management LLC Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Robertson Stephens Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,014 shares of the investment management company’s stock after acquiring an additional 36 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $581,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $30,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $38,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Citigroup raised their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, Oppenheimer reduced their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. The trade was a 44.43 % 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 worth $19,692,543. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 0.4 %

Shares of The Goldman Sachs Group stock opened at $655.76 on Friday. The company’s fifty day simple moving average is $599.07 and its 200-day simple moving average is $545.29. The stock has a market capitalization of $203.58 billion, a PE ratio of 16.17, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $663.87. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping 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 company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.48 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 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.