The Goldman Sachs Group, Inc. $GS Shares Bought by Whittier Trust Co.

Whittier Trust Co. grew its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,905 shares of the investment management company’s stock after buying an additional 1,976 shares during the quarter. The Goldman Sachs Group accounts for approximately 0.9% of Whittier Trust Co.’s holdings, making the stock its 18th biggest holding. Whittier Trust Co.’s holdings in The Goldman Sachs Group were worth $79,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dogwood Wealth Management LLC raised its position in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $26,000. First PREMIER Bank purchased a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $28,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at $29,000. Finally, Clearstead Trust LLC purchased a new position in The Goldman Sachs Group during the second quarter worth $31,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 3.6%

Shares of GS opened at $919.82 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The company’s fifty day moving average is $882.31 and its two-hundred day moving average is $801.14. The firm has a market cap of $275.88 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.33. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29.

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 for the quarter, topping the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period last year, the company posted $11.95 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.09%.

Analyst Upgrades and Downgrades

GS has been the topic of several recent research reports. Evercore ISI restated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. Royal Bank Of Canada upped their target price on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a report on Tuesday. BNP Paribas Exane raised their price target on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Barclays raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $898.00.

Check Out Our Latest Stock Analysis on GS

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Transactions at The Goldman Sachs Group

In related news, Director David A. Viniar sold 19,796 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $964.27, for a total value of $19,088,688.92. Following the transaction, the director owned 103,390 shares in the company, valued at approximately $99,695,875.30. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 68,186 shares of company stock worth $65,820,670. 0.55% of the stock is currently owned by corporate insiders.

About The Goldman Sachs Group

(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.

Further Reading

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

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