Soltis Investment Advisors LLC Has $967,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Soltis Investment Advisors LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the investment management company’s stock after purchasing an additional 153 shares during the quarter. Soltis Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Silicon Valley Capital Partners boosted its stake in The Goldman Sachs Group by 3,181.8% in the 4th quarter. Silicon Valley Capital Partners now owns 361 shares of the investment management company’s stock valued at $207,000 after buying an additional 350 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in The Goldman Sachs Group by 5.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 686 shares of the investment management company’s stock valued at $393,000 after buying an additional 38 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $45,000. Ferguson Wellman Capital Management Inc. boosted its stake in The Goldman Sachs Group by 12.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,160 shares of the investment management company’s stock valued at $664,000 after buying an additional 127 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in The Goldman Sachs Group by 4.1% in the 4th quarter. Savant Capital LLC now owns 7,513 shares of the investment management company’s stock valued at $4,302,000 after buying an additional 295 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,475 shares of company stock worth $19,692,543. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Trading Down 0.9 %

GS stock opened at $650.24 on Tuesday. The company has a market cap of $201.87 billion, a P/E ratio of 16.04, a PEG ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a twelve month low of $375.20 and a twelve month high of $663.87. 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 business has a fifty day moving average of $600.00 and a 200-day moving average of $547.26.

The Goldman Sachs Group (NYSE:GS) last released 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 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 return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.48 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.85%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analysts Forecast Growth

GS has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Oppenheimer cut their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Citigroup lifted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Barclays lifted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.