AJOVista LLC Invests $189,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

AJOVista LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 489 shares of the investment management company’s stock, valued at approximately $189,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of The Goldman Sachs Group by 5.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 113,323 shares of the investment management company’s stock valued at $36,668,000 after purchasing an additional 5,670 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth $209,000. Stratos Wealth Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 33.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 895 shares of the investment management company’s stock valued at $290,000 after acquiring an additional 225 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of The Goldman Sachs Group by 19.9% during the third quarter. Independent Advisor Alliance now owns 6,007 shares of the investment management company’s stock valued at $1,944,000 after purchasing an additional 997 shares in the last quarter. Finally, NorthRock Partners LLC grew its holdings in shares of The Goldman Sachs Group by 12.5% during the third quarter. NorthRock Partners LLC now owns 1,426 shares of the investment management company’s stock worth $461,000 after purchasing an additional 159 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on GS shares. Oppenheimer raised their price objective on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target 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. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Edward Jones assumed coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Finally, HSBC upped 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 analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $437.04.

The Goldman Sachs Group Stock Up 1.3 %

Shares of GS traded up $5.61 during trading hours on Friday, hitting $438.18. The stock had a trading volume of 2,406,445 shares, compared to its average volume of 2,599,859. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $442.30. The firm has a market capitalization of $142.20 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The firm has a 50 day simple moving average of $404.59 and a 200-day simple moving average of $374.23. 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter last year, the firm posted $8.79 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued 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 2.51%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’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 sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group 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 transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction dated 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 owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock worth $11,713,578 over the last three months. 0.54% of the stock is currently owned by insiders.

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.