Principle Wealth Partners LLC Has $7.78 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Principle Wealth Partners LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,154 shares of the investment management company’s stock after acquiring an additional 325 shares during the period. Principle Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $7,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Albert D Mason Inc. lifted its position in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 27 shares during the period. Mayflower Financial Advisors LLC raised its holdings in The Goldman Sachs Group by 1.4% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after buying an additional 28 shares during the last quarter. Avitas Wealth Management LLC raised its holdings in The Goldman Sachs Group by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after buying an additional 29 shares during the last quarter. Addison Advisors LLC raised its holdings in The Goldman Sachs Group by 7.5% during the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after buying an additional 29 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its holdings in The Goldman Sachs Group by 3.5% during the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $7.52 during trading hours on Friday, reaching $427.57. 2,322,674 shares of the company were exchanged, compared to its average volume of 2,404,007. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $428.53. The business’s 50 day simple moving average is $400.27 and its 200-day simple moving average is $370.50. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $138.76 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.37 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter last year, the company posted $8.79 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.86 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 Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.57%. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on GS. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Bank of America upped their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, UBS Group upped their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $434.93.

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.