Whittier Trust Co. of Nevada Inc. Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Whittier Trust Co. of Nevada Inc. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 25.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,978 shares of the investment management company's stock after purchasing an additional 8,791 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in The Goldman Sachs Group were worth $25,182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Asset Management One Co. Ltd. increased its holdings in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock valued at $129,144,000 after purchasing an additional 5,541 shares during the last quarter. Erste Asset Management GmbH grew its holdings in The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after buying an additional 320 shares in the last quarter. Franklin Street Advisors Inc. NC increased its stake in shares of The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock worth $21,934,000 after acquiring an additional 2,863 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $356,000. Finally, Park Edge Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $703,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Remove Ads

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 1.0 %

Shares of GS stock traded up $6.06 during trading on Tuesday, reaching $586.16. The company's stock had a trading volume of 1,874,499 shares, compared to its average volume of 2,239,391. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19. The stock's 50-day moving average price is $611.24 and its 200 day moving average price is $569.86. The company has a market capitalization of $182.90 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.37. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company's quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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. HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and lifted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Barclays lifted their target price on 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, UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $593.27.

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.