SPC Financial Inc. Acquires Shares of 817 The Goldman Sachs Group, Inc. (NYSE:GS)

SPC Financial Inc. acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 817 shares of the investment management company’s stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $34,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value 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 approximately $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $594.05 on Thursday. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The firm has a market capitalization of $185.37 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.89 and a beta of 1.37. The company has a fifty day simple moving average of $617.59 and a 200-day simple moving average of $564.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

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, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business 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 firm earned $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analysts Set New Price Targets

Several research firms recently issued reports on GS. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Oppenheimer decreased their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

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.