SC&H Financial Advisors Inc. Invests $278,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

SC&H Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 726 shares of the investment management company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Freedom Day Solutions LLC boosted its position in shares of The Goldman Sachs Group by 0.9% in the 4th quarter. Freedom Day Solutions LLC now owns 3,205 shares of the investment management company’s stock worth $1,226,000 after purchasing an additional 29 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of The Goldman Sachs Group by 1.2% in the 3rd quarter. Ancora Advisors LLC now owns 2,471 shares of the investment management company’s stock worth $934,000 after purchasing an additional 30 shares in the last quarter. Bank of Marin boosted its position in shares of The Goldman Sachs Group by 3.6% in the 3rd quarter. Bank of Marin now owns 872 shares of the investment management company’s stock worth $330,000 after purchasing an additional 30 shares in the last quarter. Tower Wealth Partners Inc. boosted its position in shares of The Goldman Sachs Group by 4.0% in the 3rd quarter. Tower Wealth Partners Inc. now owns 777 shares of the investment management company’s stock worth $294,000 after purchasing an additional 30 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in The Goldman Sachs Group by 3.0% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,037 shares of the investment management company’s stock valued at $397,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 71.42% of the company’s stock.

Several equities analysts recently issued reports on the company. StockNews.com assumed coverage on The Goldman Sachs Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. set a $416.00 target price on shares of The Goldman Sachs Group in a research note on Friday, April 1st. Oppenheimer reduced their price objective on The Goldman Sachs Group from $546.00 to $519.00 and set an “overweight” rating for the company in a research note on Tuesday, May 3rd. UBS Group set a $416.00 price objective on The Goldman Sachs Group in a research note on Tuesday, January 18th. Finally, Bank of America upped their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “neutral” rating in a research note on Monday, April 18th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $441.31.

In other The Goldman Sachs Group news, CEO David M. Solomon sold 9,768 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $334.57, for a total value of $3,268,079.76. Following the completion of the sale, the chief executive officer now directly owns 96,467 shares in the company, valued at $32,274,964.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Shares of NYSE:GS opened at $312.31 on Tuesday. The firm has a market cap of $107.26 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41. The firm’s 50 day simple moving average is $324.49 and its 200-day simple moving average is $358.24. The Goldman Sachs Group, Inc. has a one year low of $293.90 and a one year high of $426.16. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.88 and a current ratio of 0.88.

The Goldman Sachs Group (NYSE:GSGet Rating) last issued its earnings results on Thursday, April 14th. The investment management company reported $10.76 EPS for the quarter, topping analysts’ consensus estimates of $8.61 by $2.15. The business had revenue of $12.93 billion for the quarter, compared to analyst estimates of $11.76 billion. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 19.08%. The company’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same period last year, the company posted $18.60 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Investors of record on Wednesday, June 1st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, May 31st. The Goldman Sachs Group’s payout ratio is 15.53%.

The Goldman Sachs Group Company Profile (Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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