Pure Financial Advisors LLC Has $338,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Pure Financial Advisors LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 590 shares of the investment management company’s stock after buying an additional 87 shares during the quarter. Pure Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GS. Waddell & Associates LLC boosted its stake in The Goldman Sachs Group by 2.1% in the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after buying an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC boosted its stake in The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after buying an additional 18 shares in the last quarter. Bank of New Hampshire boosted its stake in The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after buying an additional 18 shares in the last quarter. First Pacific Financial raised its position in The Goldman Sachs Group by 0.6% in the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the last quarter. Finally, Krane Funds Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 1.7% during the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 20 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,940 shares of company stock worth $12,656,179 over the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Barclays lifted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley lifted their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Price Performance

Shares of GS opened at $634.74 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $374.24 and a 52-week high of $635.43. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50 day moving average price is $587.71 and its two-hundred day moving average price is $531.85. The firm has a market cap of $199.25 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the firm earned $5.48 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.