Carnegie Lake Advisors LLC Makes New $218,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Carnegie Lake Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 380 shares of the investment management company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carnegie Investment Counsel grew its stake in shares of The Goldman Sachs Group by 1.8% in the 3rd 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 in the last quarter. Exchange Traded Concepts LLC grew its position 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 worth $1,296,000 after purchasing an additional 835 shares in the last quarter. CHICAGO TRUST Co NA increased its stake in The Goldman Sachs Group by 70.1% in the 3rd quarter. CHICAGO TRUST Co NA now owns 920 shares of the investment management company’s stock valued at $456,000 after buying an additional 379 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of The Goldman Sachs Group by 9.0% during the 3rd quarter. Koshinski Asset Management Inc. now owns 1,107 shares of the investment management company’s stock worth $548,000 after buying an additional 91 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of The Goldman Sachs Group by 5.2% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 467 shares of the investment management company’s stock worth $231,000 after buying an additional 23 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GS shares. Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI increased 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. Barclays lifted their price objective on shares of 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. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $591.06.

Insider Buying and Selling

In other news, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,475 shares of company stock valued at $19,692,543. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Down 0.9 %

NYSE:GS opened at $650.24 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $663.87. The stock’s fifty day moving average price is $600.00 and its two-hundred day moving average price is $547.26. 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 company has a market cap of $201.87 billion, a P/E ratio of 16.04, a P/E/G ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate 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 business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the company earned $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.85%. The Goldman Sachs Group’s dividend payout ratio is currently 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.