WealthBridge Investment Counsel Inc. Sells 220 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

WealthBridge Investment Counsel Inc. lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,640 shares of the investment management company’s stock after selling 220 shares during the quarter. The Goldman Sachs Group accounts for 5.0% of WealthBridge Investment Counsel Inc.’s holdings, making the stock its 2nd biggest position. WealthBridge Investment Counsel Inc.’s holdings in The Goldman Sachs Group were worth $13,537,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GS. Semmax Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $26,000. Quest Partners LLC grew its stake in The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares in the last quarter. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $30,000. DT Investment Partners LLC raised its stake in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. UBS Group reissued a “neutral” rating and issued a $610.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Citigroup upped their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $589.19.

Insider Buying and Selling at The Goldman Sachs Group

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 value of $3,826,245.76. Following the transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $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 is available through this link. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now owns 608,425 shares in the company, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,940 shares of company stock valued at $12,656,179. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Up 2.3 %

Shares of NYSE GS opened at $626.84 on Friday. The firm has a 50 day moving average price of $587.22 and a two-hundred day moving average price of $529.85. The stock 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 52-week low of $372.07 and a 52-week high of $627.00. 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 (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The business 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 Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $5.48 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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 issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 35.21%.

The Goldman Sachs Group Company 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.