The Goldman Sachs Group, Inc. (NYSE:GS) is Perfromance Wealth Partners LLC’s 8th Largest Position

Perfromance Wealth Partners LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,039 shares of the investment management company’s stock after buying an additional 2,539 shares during the quarter. The Goldman Sachs Group accounts for approximately 2.2% of Perfromance Wealth Partners LLC’s holdings, making the stock its 8th biggest position. Perfromance Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $69,882,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GS. Mizuho Securities USA LLC increased its position in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. FMR LLC grew its stake in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after acquiring an additional 521,054 shares during the period. Janus Henderson Group PLC grew its stake in shares of The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after acquiring an additional 251,972 shares during the period. Congress Asset Management Co. grew its stake in shares of The Goldman Sachs Group by 829.0% during the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after acquiring an additional 232,297 shares during the period. Finally, Rheos Capital Works Inc. grew its stake in shares of The Goldman Sachs Group by 265.4% during the 3rd quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock valued at $123,035,000 after acquiring an additional 180,500 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $634.74 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $374.24 and a twelve month high of $635.43. 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 business’s fifty day simple moving average is $587.71 and its two-hundred day simple moving average is $531.85. The firm has a market cap of $199.25 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.90 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly 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 return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the company earned $5.48 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 45.32 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent analyst reports. UBS Group upped their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays upped their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price target 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. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $591.06.

Insider Transactions at The Goldman Sachs Group

In other news, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,940 shares of company stock valued at $12,656,179. 0.57% of the stock is currently owned by corporate insiders.

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.