Wagner Wealth Management LLC Acquires 282 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wagner Wealth Management LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 32.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138 shares of the investment management company’s stock after acquiring an additional 282 shares during the period. Wagner Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management lifted its position in The Goldman Sachs Group by 11.6% during the third quarter. Ritholtz Wealth Management now owns 7,272 shares of the investment management company’s stock valued at $3,600,000 after purchasing an additional 756 shares during the period. Carnegie Investment Counsel boosted its stake in shares of The Goldman Sachs Group by 1.8% in the third quarter. Carnegie Investment Counsel now owns 5,825 shares of the investment management company’s stock worth $2,884,000 after acquiring an additional 103 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in The Goldman Sachs Group by 46.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,618 shares of the investment management company’s stock valued at $1,296,000 after acquiring an additional 835 shares during the last quarter. CHICAGO TRUST Co NA boosted its stake in The Goldman Sachs Group by 70.1% during the third quarter. CHICAGO TRUST Co NA now owns 920 shares of the investment management company’s stock worth $456,000 after buying an additional 379 shares during the last quarter. Finally, Factory Mutual Insurance Co. purchased a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $23,369,000. 71.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,475 shares of company stock valued at $19,692,543. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $655.76 on Monday. The firm has a market cap of $203.58 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.39. 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 business’s 50-day simple moving average is $600.00 and its 200-day simple moving average is $546.84.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 company 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 company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company earned $5.48 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted 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 note on Friday, November 15th. UBS Group raised their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Barclays increased their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Company 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.