The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Forte Capital LLC ADV

Forte Capital LLC ADV increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 874 shares of the investment management company’s stock after buying an additional 130 shares during the quarter. Forte Capital LLC ADV’s holdings in The Goldman Sachs Group were worth $337,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Cambridge Trust Co. increased its stake in shares of The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. Truvestments Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares during the period. BKM Wealth Management LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $32,000. Signature Resources Capital Management LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $39,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $42,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 1.3 %

GS traded up $5.61 during midday trading on Friday, hitting $438.18. 2,406,445 shares of the company’s stock traded hands, compared to its average volume of 2,599,859. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a market cap of $142.20 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $442.30. The stock’s fifty day simple moving average is $404.59 and its 200-day simple moving average is $374.23.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.79 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction 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 $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. In the last three months, insiders sold 29,330 shares of company stock valued at $11,713,578. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Edward Jones started coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Finally, HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $437.04.

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.