The Goldman Sachs Group, Inc. $GS Shares Bought by Davis R M Inc.

Davis R M Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,120 shares of the investment management company’s stock after purchasing an additional 3,093 shares during the quarter. Davis R M Inc.’s holdings in The Goldman Sachs Group were worth $43,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 3.5% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock worth $309,000 after acquiring an additional 13 shares in the last quarter. EWA LLC raised its position in shares of The Goldman Sachs Group by 2.2% during the 3rd quarter. EWA LLC now owns 612 shares of the investment management company’s stock worth $488,000 after acquiring an additional 13 shares in the last quarter. Carrera Capital Advisors lifted its stake in The Goldman Sachs Group by 3.5% during the third quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock worth $306,000 after purchasing an additional 13 shares during the last quarter. Centerpoint Advisors LLC lifted its stake in The Goldman Sachs Group by 1.5% during the third quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock worth $687,000 after purchasing an additional 13 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 0.9% in the third quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company’s stock valued at $1,185,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $857.90 on Monday. The firm has a market cap of $254.58 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.06 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70. The business’s 50-day moving average price is $924.23 and its 200 day moving average price is $837.57. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the business earned $11.95 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group’s payout ratio is 31.20%.

The Goldman Sachs Group News Summary

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

Analyst Ratings Changes

A number of analysts have weighed in on GS shares. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Evercore restated an “outperform” rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 20th. Finally, Barclays boosted their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $916.86.

Check Out Our Latest Research Report on GS

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 13,151 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the transaction, the executive vice president directly owned 39,007 shares in the company, valued at $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the transaction, the insider directly owned 18,533 shares of the company’s stock, valued at $17,189,542.83. This represents a 34.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 117,283 shares of company stock worth $112,016,033 in the last ninety days. Insiders own 0.55% of the company’s stock.

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

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

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