Enterprise Financial Services Corp Invests $221,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Enterprise Financial Services Corp acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 386 shares of the investment management company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GS. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 1.4 %

Shares of The Goldman Sachs Group stock opened at $559.55 on Friday. The company has a market capitalization of $174.60 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.89 and a beta of 1.37. 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 fifty day moving average of $616.96 and a 200 day moving average of $565.76. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.48 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 19,925 shares of company stock valued at $12,630,683 in the last 90 days. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on GS shares. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Oppenheimer reduced their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Barclays raised their price target 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. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $591.69.

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.