Mosley Wealth Management Invests $758,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Mosley Wealth Management purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,324 shares of the investment management company’s stock, valued at approximately $758,000.

Several other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $624,844,000. Proficio Capital Partners LLC raised its position in shares of The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after buying an additional 1,052,204 shares in the last quarter. FMR LLC lifted its position in The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares during the period. Ieq Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 1,400.8% in the fourth quarter. Ieq Capital LLC now owns 419,095 shares of the investment management company’s stock valued at $239,982,000 after buying an additional 391,170 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after buying an additional 251,972 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on GS shares. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. UBS Group raised their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Barclays raised their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $594.27.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $565.00 on Friday. The firm has a market capitalization of $176.30 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The business’s 50-day moving average price is $610.89 and its 200-day moving average price is $568.65. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12 month low of $387.12 and a 12 month high of $672.19.

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

The Goldman Sachs Group Dividend Announcement

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 given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling

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 transaction of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the transaction, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.