Parkside Financial Bank & Trust Buys 21 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Parkside Financial Bank & Trust increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,209 shares of the investment management company’s stock after acquiring an additional 21 shares during the quarter. Parkside Financial Bank & Trust’s holdings in The Goldman Sachs Group were worth $1,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Swedbank AB raised its holdings in The Goldman Sachs Group by 4.2% during the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after buying an additional 13,730 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in The Goldman Sachs Group by 64.8% during the third quarter. JFS Wealth Advisors LLC now owns 2,842 shares of the investment management company’s stock worth $1,407,000 after buying an additional 1,118 shares during the last quarter. Fiducient Advisors LLC acquired a new position in The Goldman Sachs Group during the third quarter worth $920,000. Hudson Valley Investment Advisors Inc. ADV raised its holdings in The Goldman Sachs Group by 1,076.1% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 7,986 shares of the investment management company’s stock worth $3,954,000 after buying an additional 7,307 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in The Goldman Sachs Group by 0.3% during the third quarter. Cornerstone Wealth Group LLC now owns 9,228 shares of the investment management company’s stock worth $4,569,000 after buying an additional 31 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity

In other news, Treasurer Carey Halio sold 1,545 shares of the firm’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 trade 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, insider Alex S. Golten sold 5,208 shares of the firm’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 $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. Over the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on GS. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup increased their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $607.99 on Friday. 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 firm has a market capitalization of $189.72 billion, a PE ratio of 14.99, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. The company has a 50-day moving average price of $615.62 and a two-hundred day moving average price of $561.52.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the business earned $5.48 earnings per share. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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 given a $3.00 dividend. 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 1.97%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.