SeaBridge Investment Advisors LLC Invests $414,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

SeaBridge Investment Advisors LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 723 shares of the investment management company's stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Czech National Bank boosted its position in The Goldman Sachs Group by 4.7% in the third quarter. Czech National Bank now owns 64,331 shares of the investment management company's stock valued at $31,851,000 after buying an additional 2,882 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in The Goldman Sachs Group by 27.5% during the third quarter. Harbor Investment Advisory LLC now owns 3,072 shares of the investment management company's stock worth $1,521,000 after purchasing an additional 662 shares during the period. Wright Investors Service Inc. grew its position in shares of The Goldman Sachs Group by 69.0% during the 3rd quarter. Wright Investors Service Inc. now owns 3,746 shares of the investment management company's stock worth $1,855,000 after buying an additional 1,529 shares during the period. Handelsbanken Fonder AB increased its stake in The Goldman Sachs Group by 2.0% in the third quarter. Handelsbanken Fonder AB now owns 112,337 shares of the investment management company's stock valued at $55,619,000 after purchasing an additional 2,227 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in The Goldman Sachs Group by 18.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,865 shares of the investment management company's stock valued at $2,904,000 after buying an additional 925 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.3 %

GS traded up $2.11 during trading on Tuesday, hitting $634.48. 1,743,131 shares of the stock traded hands, compared to its average volume of 2,593,334. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day moving average of $596.65 and a 200 day moving average of $542.74. The firm has a market capitalization of $196.97 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 12-month low of $375.20 and a 12-month high of $650.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same quarter in the previous year, the business posted $5.48 earnings per share. The firm's revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.

Analyst Ratings Changes

A number of research firms have weighed in on GS. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Barclays raised their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Finally, Morgan Stanley lifted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Moderate Buy" and an average price target of $591.06.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex S. Golten sold 5,208 shares of the firm's stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 40,865 shares of company stock valued at $25,286,862 in the last three months. Company insiders own 0.57% of the company's stock.

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.