Optimize Financial Inc Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Optimize Financial Inc bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 695 shares of the investment management company's stock, valued at approximately $398,000.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GS shares. Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, JMP Securities cut their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $585.38.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares of the company's stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of GS traded down $8.35 during midday trading on Wednesday, hitting $499.54. 1,206,093 shares of the stock traded hands, compared to its average volume of 2,383,780. The firm has a market capitalization of $155.88 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The business's 50 day moving average price is $570.64 and its two-hundred day moving average price is $572.51. The Goldman Sachs Group, Inc. has a 1-year low of $395.18 and a 1-year high of $672.19. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the firm posted $11.58 earnings per share. Equities research analysts predict 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 will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.40%. The Goldman Sachs Group's dividend payout ratio is presently 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.