Howard Financial Services LTD. Invests $205,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Howard Financial Services LTD. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 358 shares of the investment management company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Integrated Investment Consultants LLC raised its position in The Goldman Sachs Group by 22.7% during the 4th quarter. Integrated Investment Consultants LLC now owns 1,807 shares of the investment management company’s stock worth $1,035,000 after buying an additional 334 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in The Goldman Sachs Group by 3.7% during the fourth quarter. Arkadios Wealth Advisors now owns 5,767 shares of the investment management company’s stock worth $3,302,000 after purchasing an additional 205 shares in the last quarter. Lake Street Private Wealth LLC lifted its position in The Goldman Sachs Group by 4.3% in the fourth quarter. Lake Street Private Wealth LLC now owns 10,207 shares of the investment management company’s stock valued at $5,845,000 after purchasing an additional 425 shares during the period. Brooklyn Investment Group boosted its holdings in The Goldman Sachs Group by 3.7% in the 4th quarter. Brooklyn Investment Group now owns 1,831 shares of the investment management company’s stock valued at $1,048,000 after purchasing an additional 66 shares in the last quarter. Finally, Albert D Mason Inc. increased its position in The Goldman Sachs Group by 8.2% during the 4th quarter. Albert D Mason Inc. now owns 728 shares of the investment management company’s stock worth $417,000 after purchasing an additional 55 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 2.3 %

Shares of NYSE GS opened at $626.84 on Friday. The firm’s 50 day moving average price is $587.22 and its 200 day moving average price is $529.85. 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 firm has a market cap of $196.77 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1 year low of $372.07 and a 1 year high of $627.00.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI upped 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 research note on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. 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, Oppenheimer decreased their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $589.19.

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 20,940 shares of company stock valued at $12,656,179. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group 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.