Foster Group Inc. Invests $253,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Foster Group Inc. purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 442 shares of the investment management company’s stock, valued at approximately $253,000.

Several other hedge funds have also modified their holdings of the business. Fulton Breakefield Broenniman LLC increased its holdings in shares of The Goldman Sachs Group by 7.3% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 753 shares of the investment management company’s stock valued at $431,000 after purchasing an additional 51 shares in the last quarter. Genesee Capital Advisors LLC raised its holdings in The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after purchasing an additional 17 shares during the last quarter. BSW Wealth Partners grew its holdings in The Goldman Sachs Group by 7.7% during the 4th quarter. BSW Wealth Partners now owns 1,471 shares of the investment management company’s stock valued at $842,000 after buying an additional 105 shares during the last quarter. Falcon Wealth Planning increased its position in The Goldman Sachs Group by 5.7% during the fourth quarter. Falcon Wealth Planning now owns 480 shares of the investment management company’s stock worth $275,000 after buying an additional 26 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 36.2% during the fourth quarter. Perigon Wealth Management LLC now owns 12,103 shares of the investment management company’s stock valued at $7,419,000 after acquiring an additional 3,216 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value 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 approximately $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,657 shares of company stock worth $21,973,272 in the last 90 days. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on GS. Bank of America increased their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer lowered their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, JMP Securities raised their price target on shares of 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 research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Trading Up 0.7 %

Shares of NYSE:GS opened at $637.71 on Wednesday. The firm has a fifty day moving average of $592.09 and a two-hundred day moving average of $537.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $645.54. The firm has a market capitalization of $200.18 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released 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 firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 46.81 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 Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

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.