Magnolia Capital Advisors LLC Purchases Shares of 664 The Goldman Sachs Group, Inc. (NYSE:GS)

Magnolia Capital Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 664 shares of the investment management company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BKM Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $32,000. Cambridge Trust Co. grew its holdings in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC grew its holdings in The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $42,000. Finally, Activest Wealth Management raised its stake in shares of The Goldman Sachs Group by 527.3% during the 4th quarter. Activest Wealth Management now owns 138 shares of the investment management company’s stock worth $53,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 0.2 %

Shares of GS stock traded down $0.96 on Wednesday, hitting $423.04. The stock had a trading volume of 1,568,788 shares, compared to its average volume of 2,391,933. The company’s 50 day moving average price is $398.72 and its 200-day moving average price is $368.96. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $425.35. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The firm has a market capitalization of $137.29 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.34 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $8.79 earnings per share. Analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.60%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Analysts Set New Price Targets

Several equities research analysts recently commented on GS shares. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Oppenheimer increased their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $434.93.

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.