Laidlaw Wealth Management LLC Has $309,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Laidlaw Wealth Management LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 539 shares of the investment management company’s stock after selling 60 shares during the period. Laidlaw Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $309,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Swedbank AB raised its holdings in The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after purchasing an additional 13,730 shares during the period. Vest Financial LLC increased its stake in The Goldman Sachs Group by 196.1% in the 3rd quarter. Vest Financial LLC now owns 1,510 shares of the investment management company’s stock valued at $748,000 after buying an additional 1,000 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at $78,000. Waterway Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 10.9% during the 3rd quarter. Waterway Wealth Management LLC now owns 510 shares of the investment management company’s stock worth $253,000 after purchasing an additional 50 shares during the last quarter. Finally, Ledyard National Bank acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $233,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Barclays upped their price target on shares of 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. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Stock Up 1.6 %

Shares of NYSE GS opened at $671.44 on Wednesday. The firm has a market cap of $208.45 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. The company’s 50-day simple moving average is $608.24 and its 200-day simple moving average is $555.16. 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, Inc. has a 52-week low of $380.85 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.48 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.79%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity

In other The Goldman Sachs Group 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 value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 over the last 90 days. Company insiders own 0.57% of the company’s stock.

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.