Waycross Partners LLC Buys 2,061 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Waycross Partners LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,899 shares of the investment management company’s stock after buying an additional 2,061 shares during the quarter. The Goldman Sachs Group comprises 2.7% of Waycross Partners LLC’s portfolio, making the stock its 10th biggest position. Waycross Partners LLC’s holdings in The Goldman Sachs Group were worth $14,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after acquiring an additional 20,018 shares during the period. HTLF Bank bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $850,000. Wealth Alliance raised its holdings in The Goldman Sachs Group by 17.3% during the 4th quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after buying an additional 153 shares during the period. Trueblood Wealth Management LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $989,000. Finally, TBH Global Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 2.0% in the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 72 shares during the period. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Oppenheimer upped their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup raised their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. UBS Group increased their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada lifted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $437.04.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded down $4.10 during trading on Tuesday, reaching $426.71. 1,824,396 shares of the company’s stock were exchanged, compared to its average volume of 2,380,056. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The firm’s fifty day moving average price is $402.04 and its 200-day moving average price is $372.58. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $433.33. The stock has a market capitalization of $138.48 billion, a PE ratio of 16.66, a PEG ratio of 1.35 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same period last year, the business posted $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

The Goldman Sachs Group 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.