The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,207 shares of the investment management company’s stock after purchasing an additional 425 shares during the quarter. The Goldman Sachs Group makes up 0.9% of Lake Street Private Wealth LLC’s holdings, making the stock its 28th biggest position. Lake Street Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $5,845,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group increased its position in shares of The Goldman Sachs Group by 3.7% during the fourth quarter. Brooklyn Investment Group now owns 1,831 shares of the investment management company’s stock worth $1,048,000 after purchasing an additional 66 shares in the last quarter. Albert D Mason Inc. boosted its stake in The Goldman Sachs Group by 8.2% during the 4th quarter. Albert D Mason Inc. now owns 728 shares of the investment management company’s stock worth $417,000 after purchasing an additional 55 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of The Goldman Sachs Group by 7.5% during the fourth quarter. Merit Financial Group LLC now owns 10,557 shares of the investment management company’s stock worth $6,045,000 after buying an additional 741 shares in the last quarter. Walker Asset Management LLC raised its position in shares of The Goldman Sachs Group by 5.3% in the fourth quarter. Walker Asset Management LLC now owns 868 shares of the investment management company’s stock valued at $497,000 after buying an additional 44 shares during the last quarter. Finally, Chemistry Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 4.9% in the fourth quarter. Chemistry Wealth Management LLC now owns 752 shares of the investment management company’s stock worth $431,000 after buying an additional 35 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 analysts have commented on GS shares. Oppenheimer cut their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday. JMP Securities boosted their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Citigroup boosted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $589.19.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $626.84 on Friday. The company has a market cap of $196.77 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day moving average of $586.47 and a two-hundred day moving average of $528.71.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm earned $5.48 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insider Buying and Selling

In related news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now owns 608,425 shares of the company’s stock, valued at $372,404,774. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock valued at $12,656,179 in the last three months. 0.57% of the stock is owned by corporate insiders.

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.