Hazlett Burt & Watson Inc. Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Hazlett Burt & Watson Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 925 shares of the investment management company’s stock after purchasing an additional 150 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in The Goldman Sachs Group were worth $528,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related 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 transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $543.04 on Monday. 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 firm has a market capitalization of $169.45 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19. The company has a 50 day moving average price of $608.15 and a 200 day moving average price of $572.36.

The Goldman Sachs Group (NYSE:GS) last released 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 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 period in the prior year, the firm posted $5.48 EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GS. 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 research report on Thursday, January 16th. UBS Group raised their target price 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. Morgan Stanley reduced 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 report on Thursday, March 13th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Finally, Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $590.60.

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.