Genesee Capital Advisors LLC Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Genesee Capital Advisors LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,788 shares of the investment management company’s stock after buying an additional 17 shares during the quarter. Genesee Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,024,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BSW Wealth Partners grew its holdings in shares of The Goldman Sachs Group by 7.7% in the 4th quarter. BSW Wealth Partners now owns 1,471 shares of the investment management company’s stock worth $842,000 after acquiring an additional 105 shares during the period. Falcon Wealth Planning grew its holdings in The Goldman Sachs Group by 5.7% in the fourth quarter. Falcon Wealth Planning now owns 480 shares of the investment management company’s stock valued at $275,000 after purchasing an additional 26 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 36.2% in the fourth quarter. Perigon Wealth Management LLC now owns 12,103 shares of the investment management company’s stock valued at $7,419,000 after buying an additional 3,216 shares in the last quarter. KFA Private Wealth Group LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $204,000. Finally, Revolve Wealth Partners LLC grew its stake in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. UBS Group raised their price objective on shares of 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. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Evercore ISI raised their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Price Performance

GS stock opened at $637.71 on Wednesday. The stock has a 50-day simple moving average of $592.09 and a 200-day simple moving average of $537.59. The firm has a market cap of $200.18 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. 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 Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the company posted $5.48 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared 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 1.88%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This trade represents a 10.02 % 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 company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,657 shares of company stock valued at $21,973,272 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

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.