Francis Financial Inc. Invests $225,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Francis Financial Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 584 shares of the investment management company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Foundation Advisors boosted its stake in The Goldman Sachs Group by 18.4% in the 2nd quarter. First Foundation Advisors now owns 1,771 shares of the investment management company’s stock valued at $571,000 after purchasing an additional 275 shares during the period. TBH Global Asset Management LLC raised its holdings in The Goldman Sachs Group by 2.0% in the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after acquiring an additional 72 shares in the last quarter. Trueblood Wealth Management LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $989,000. Congress Wealth Management LLC DE raised its holdings in The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after acquiring an additional 650,918 shares in the last quarter. Finally, Syon Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at $1,395,000. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock valued at $15,080,021 over the last three months. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $417.69 on Friday. The stock has a fifty day simple moving average of $388.58 and a two-hundred day simple moving average of $357.54. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $419.20. The firm has a market cap of $135.55 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $3.32 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is currently 48.20%.

Analysts Set New Price Targets

Several brokerages have weighed in on GS. Oppenheimer dropped their price objective on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. HSBC boosted their price target on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday. Edward Jones started coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $390.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $411.10.

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.