Robbins Farley Buys 320 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Robbins Farley increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,699 shares of the investment management company’s stock after acquiring an additional 320 shares during the quarter. The Goldman Sachs Group makes up 1.8% of Robbins Farley’s investment portfolio, making the stock its 25th largest position. Robbins Farley’s holdings in The Goldman Sachs Group were worth $3,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. West Branch Capital LLC purchased a new position in The Goldman Sachs Group during the 3rd quarter valued at about $30,000. DT Investment Partners LLC grew its position in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Country Trust Bank purchased a new stake in The Goldman Sachs Group in the third quarter worth $37,000. Finally, Capital Performance Advisors LLP bought a new stake in The Goldman Sachs Group in the third quarter valued at $38,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. The trade was 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 sold 40,865 shares of company stock valued at $25,286,862. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Trading Down 1.3 %

Shares of NYSE GS opened at $632.25 on Tuesday. The firm’s 50 day moving average price is $596.07 and its 200-day moving average price is $541.71. The Goldman Sachs Group, Inc. has a 52-week low of $375.20 and a 52-week high of $650.00. 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 company has a market cap of $196.28 billion, a PE ratio of 15.59, a P/E/G ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.48 EPS. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.90%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America raised their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, 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, January 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

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.