Aaron Wealth Advisors LLC Has $3.90 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Aaron Wealth Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 21.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,438 shares of the investment management company’s stock after acquiring an additional 771 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Dagco Inc. acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $25,000. Harbor Capital Advisors Inc. acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at approximately $26,000. First PREMIER Bank acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at approximately $28,000. Corundum Trust Company INC acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth $29,000. Finally, Elevation Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after buying an additional 20 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director David A. Viniar sold 45,000 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the transaction, the director directly owned 555,000 shares of the company’s stock, valued at $535,758,150. This represents a 7.50% 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 the SEC website. Also, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the transaction, the chief financial officer directly owned 29,342 shares in the company, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 117,283 shares of company stock valued at $112,016,033 over the last 90 days. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GS. Barclays increased their price objective on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. HSBC decreased their price objective on shares of The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Evercore decreased their price objective on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a research report on Monday. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Finally, Morgan Stanley decreased their price objective on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $929.62.

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The Goldman Sachs Group Stock Up 0.4%

Shares of NYSE GS opened at $866.43 on Tuesday. The firm has a market cap of $255.59 billion, a PE ratio of 16.89, a P/E/G ratio of 1.13 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The company’s fifty day simple moving average is $873.60 and its 200 day simple moving average is $851.88. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $11.95 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 2nd were paid a dividend of $4.50 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, March 2nd. The Goldman Sachs Group’s payout ratio is currently 35.09%.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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