Phillips Wealth Planners LLC Has $1.03 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Phillips Wealth Planners LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,831 shares of the investment management company’s stock after selling 38 shares during the period. The Goldman Sachs Group makes up approximately 1.0% of Phillips Wealth Planners LLC’s investment portfolio, making the stock its 23rd largest position. Phillips Wealth Planners LLC’s holdings in The Goldman Sachs Group were worth $1,025,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its stake in shares of The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after purchasing an additional 161,133 shares in the last quarter. FMR LLC boosted its stake in shares of The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of The Goldman Sachs Group by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock valued at $1,257,602,000 after purchasing an additional 77,700 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of The Goldman Sachs Group by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after purchasing an additional 18,541 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. Oppenheimer reduced their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Trading Down 0.3 %

NYSE GS opened at $633.14 on Thursday. The stock has a market capitalization of $198.75 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.89 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $374.24 and a one year high of $635.60. 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 business’s fifty day moving average is $588.56 and its 200-day moving average is $533.05.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the business posted $5.48 EPS. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Activity

In other news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 20,940 shares of company stock worth $12,656,179 over the last ninety days. Company insiders own 0.54% of the company’s stock.

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.