Shepherd Financial Partners LLC Increases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Shepherd Financial Partners LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,412 shares of the investment management company’s stock after acquiring an additional 21 shares during the period. Shepherd Financial Partners LLC’s holdings in The Goldman Sachs Group were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. raised its stake in shares of The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 16 shares in the last quarter. Ledyard National Bank grew its position in The Goldman Sachs Group by 3.4% in the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after buying an additional 16 shares in the last quarter. Genesee Capital Advisors LLC increased its stake in The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after buying an additional 17 shares during the period. Horst & Graben Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 1.5% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after acquiring an additional 17 shares during the period. Finally, Waddell & Associates LLC lifted its stake in shares of The Goldman Sachs Group by 2.1% in the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GS. Barclays boosted 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, January 16th. Keefe, Bruyette & Woods boosted their price objective 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. Bank of America upped their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped 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 report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction 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 transaction, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. This represents a 44.43 % 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 valued at $19,692,543 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.4 %

Shares of NYSE:GS opened at $655.76 on Friday. The firm has a 50 day simple moving average of $599.07 and a 200 day simple moving average of $545.29. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $663.87. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $203.58 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its 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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the company earned $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given 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 yield of 1.83%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

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.