Bogart Wealth LLC Buys 877 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Bogart Wealth LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,544 shares of the investment management company’s stock after acquiring an additional 877 shares during the period. Bogart Wealth LLC’s holdings in The Goldman Sachs Group were worth $4,839,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GS. Morgan Stanley lifted its stake in The Goldman Sachs Group by 7.8% in the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after purchasing an additional 412,383 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after purchasing an additional 152,474 shares during the period. Northern Trust Corp boosted its holdings in shares of The Goldman Sachs Group by 3.2% during the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after purchasing an additional 104,424 shares during the period. Invesco Ltd. boosted its holdings in shares of The Goldman Sachs Group by 6.1% during the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock worth $903,485,000 after purchasing an additional 159,512 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of The Goldman Sachs Group by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,960 shares of the investment management company’s stock worth $727,933,000 after purchasing an additional 38,847 shares during the period. 71.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. Bank of America increased their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Royal Bank of Canada increased their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Citigroup increased their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, JMP Securities increased their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $440.57.

Insider Buying and Selling

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 value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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. Over the last quarter, insiders have sold 29,330 shares of company stock worth $11,713,578. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 0.7 %

Shares of NYSE:GS traded up $3.15 during trading on Wednesday, reaching $446.95. 1,990,321 shares of the stock traded hands, compared to its average volume of 2,363,222. The stock has a 50-day moving average of $406.72 and a two-hundred day moving average of $377.23. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $448.02. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The stock has a market cap of $145.05 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results 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 net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter in the prior year, the company posted $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, May 30th. 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.