AM Investment Strategies LLC Buys 27 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

AM Investment Strategies LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,304 shares of the investment management company’s stock after purchasing an additional 27 shares during the period. The Goldman Sachs Group makes up about 2.1% of AM Investment Strategies LLC’s portfolio, making the stock its 11th biggest position. AM Investment Strategies LLC’s holdings in The Goldman Sachs Group were worth $8,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in shares of The Goldman Sachs Group by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock worth $6,586,000 after buying an additional 634 shares during the period. AXA S.A. grew its position in The Goldman Sachs Group by 10.2% in the 2nd quarter. AXA S.A. now owns 68,037 shares of the investment management company’s stock valued at $30,774,000 after acquiring an additional 6,302 shares during the last quarter. MBB Public Markets I LLC increased its stake in The Goldman Sachs Group by 2,409.0% in the second quarter. MBB Public Markets I LLC now owns 22,706 shares of the investment management company’s stock worth $10,270,000 after purchasing an additional 21,801 shares during the period. Legal & General Group Plc lifted its position in shares of The Goldman Sachs Group by 2.9% during the second quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after purchasing an additional 77,700 shares during the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter valued at $2,435,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Bank of America lifted their price target on shares of 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. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,017 shares of company stock worth $19,655,538. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Down 0.4 %

Shares of NYSE:GS opened at $636.80 on Friday. 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 firm has a market capitalization of $199.90 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. The business’s 50-day moving average is $590.34 and its 200 day moving average is $534.48. The Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same period last year, the firm posted $5.48 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. 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 1.88%. The Goldman Sachs Group’s dividend payout ratio is currently 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.