The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Intellectus Partners LLC

Intellectus Partners LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,878 shares of the investment management company’s stock after purchasing an additional 434 shares during the quarter. The Goldman Sachs Group accounts for 1.1% of Intellectus Partners LLC’s investment portfolio, making the stock its 20th biggest position. Intellectus Partners LLC’s holdings in The Goldman Sachs Group were worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of GS. Albert D Mason Inc. boosted its stake 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 worth $255,000 after buying an additional 27 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in The Goldman Sachs Group by 1.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 28 shares during the period. Avitas Wealth Management LLC raised its holdings in The Goldman Sachs Group by 0.7% in the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after acquiring an additional 29 shares during the period. Addison Advisors LLC grew its position in shares of The Goldman Sachs Group by 7.5% during the 4th quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after purchasing an additional 29 shares in the last quarter. Finally, Samalin Investment Counsel LLC grew its position in shares of The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GS shares. BMO Capital Markets lifted their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research note on Tuesday, April 16th. HSBC increased their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. UBS Group increased their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $434.93.

Insider Activity

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s 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 transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction 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 owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 1.8 %

Shares of NYSE GS traded up $7.52 on Friday, reaching $427.57. 2,322,674 shares of the company traded hands, compared to its average volume of 2,404,007. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $428.53. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The company has a 50 day moving average of $400.27 and a 200 day moving average of $370.50. The stock has a market capitalization of $138.76 billion, a PE 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 announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.79 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.57%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

About The Goldman Sachs Group

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.