Integrated Wealth Concepts LLC Has $9.02 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Integrated Wealth Concepts LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,751 shares of the investment management company's stock after buying an additional 877 shares during the quarter. Integrated Wealth Concepts LLC's holdings in The Goldman Sachs Group were worth $9,020,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the 4th quarter worth $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $34,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 0.4 %

NYSE GS traded up $2.01 during trading on Tuesday, reaching $548.41. The company's stock had a trading volume of 635,274 shares, compared to its average volume of 2,362,727. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $171.12 billion, a PE ratio of 13.50, a PEG ratio of 0.89 and a beta of 1.33. The business has a 50-day moving average price of $546.52 and a 200-day moving average price of $574.64. The Goldman Sachs Group, Inc. has a 1-year low of $425.19 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the firm posted $11.58 earnings per share. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Analyst Ratings Changes

Several research firms have commented on GS. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Wells Fargo & Company lowered their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Barclays lowered their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada lowered their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $593.40.

Insider Buying and Selling

In other news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

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.