Central Valley Advisors LLC Purchases New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Central Valley Advisors LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 359 shares of the investment management company’s stock, valued at approximately $206,000.

Other hedge funds have also bought and sold shares of the company. Mizuho Securities USA LLC lifted its stake in The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. FMR LLC increased its holdings in shares of The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares during the period. 1832 Asset Management L.P. raised its position in shares of The Goldman Sachs Group by 7,932.6% in the second quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock worth $200,959,000 after buying an additional 438,754 shares in the last quarter. Janus Henderson Group PLC boosted its stake in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after buying an additional 251,972 shares during the period. Finally, Congress Asset Management Co. boosted its stake in The Goldman Sachs Group by 829.0% during the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after buying an additional 232,297 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,940 shares of company stock valued at $12,656,179. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 1.0 %

GS opened at $612.17 on Friday. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $616.84. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day simple moving average of $585.87 and a two-hundred day simple moving average of $528.13. The firm has a market capitalization of $192.17 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.66 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.96%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GS. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. 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 report on Thursday. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $589.19.

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.