Ritholtz Wealth Management Has $2.28 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Ritholtz Wealth Management lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,908 shares of the investment management company’s stock after buying an additional 158 shares during the period. Ritholtz Wealth Management’s holdings in The Goldman Sachs Group were worth $2,279,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in The Goldman Sachs Group in the 4th quarter worth about $759,531,000. Morgan Stanley raised its holdings in The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after buying an additional 1,696,350 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in The Goldman Sachs Group by 168,772.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock valued at $427,367,000 after buying an additional 1,243,852 shares during the last quarter. Comerica Bank acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $2,300,710,000. Finally, Congress Wealth Management LLC DE grew its holdings in The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after acquiring an additional 650,918 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group lifted their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Oppenheimer reduced their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $390.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday. BMO Capital Markets upped their price target on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. Finally, HSBC upped their price target on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $411.10.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders sold a total of 38,907 shares of company stock valued at $15,080,021 over the last ninety days. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 0.6 %

NYSE:GS traded up $2.44 on Thursday, hitting $417.69. The stock had a trading volume of 2,388,627 shares, compared to its average volume of 2,341,799. The business’s fifty day moving average is $388.58 and its 200 day moving average is $357.54. The company has a market cap of $135.55 billion, a PE ratio of 18.30, a P/E/G ratio of 1.56 and a beta of 1.42. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping the consensus estimate of $3.62 by $1.86. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.32 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

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.