Wharton Business Group LLC Buys 361 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wharton Business Group LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 68,773 shares of the investment management company’s stock after purchasing an additional 361 shares during the quarter. The Goldman Sachs Group accounts for about 1.8% of Wharton Business Group LLC’s investment portfolio, making the stock its 18th biggest position. Wharton Business Group LLC’s holdings in The Goldman Sachs Group were worth $39,381,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group in the third quarter valued at about $34,000. Capital Performance Advisors LLP bought a new stake in The Goldman Sachs Group in the third quarter valued at about $38,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $45,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GS shares. Barclays upped their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, 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 research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $593.56.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 in the last three months. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $625.70 on Monday. The firm has a 50 day moving average of $611.58 and a 200-day moving average of $558.92. The stock has a market capitalization of $195.24 billion, a PE ratio of 15.43, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during 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 business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.48 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

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.