U S Wealth Group LLC. Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

U S Wealth Group LLC. purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,971 shares of the investment management company's stock, valued at approximately $2,846,000. The Goldman Sachs Group makes up 2.2% of U S Wealth Group LLC.'s investment portfolio, making the stock its 14th biggest position.

Other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the subject of several recent research reports. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Evercore ISI reduced their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Finally, JMP Securities decreased their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $586.00.

The Goldman Sachs Group Trading Down 5.1 %

Shares of NYSE GS traded down $26.16 during mid-day trading on Thursday, reaching $490.71. 2,867,313 shares of the company's stock were exchanged, compared to its average volume of 2,379,190. The company's 50-day moving average is $582.13 and its 200-day moving average is $572.44. 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 firm has a market capitalization of $153.12 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted $5.48 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.45%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of the business's stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares of the company's stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last quarter. 0.55% of the stock is owned by company insiders.

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.