Diversified Trust Co Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Diversified Trust Co increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,189 shares of the investment management company’s stock after buying an additional 42 shares during the period. Diversified Trust Co’s holdings in The Goldman Sachs Group were worth $5,834,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Moller Wealth Partners purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $207,000. Bank of New Hampshire lifted its holdings in The Goldman Sachs Group by 8.0% during the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after purchasing an additional 18 shares in the last quarter. Neville Rodie & Shaw Inc. grew its position in shares of The Goldman Sachs Group by 12.1% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 6,594 shares of the investment management company’s stock valued at $3,776,000 after purchasing an additional 710 shares during the period. Nordea Investment Management AB increased its stake in shares of The Goldman Sachs Group by 30.3% during the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after purchasing an additional 49,710 shares in the last quarter. Finally, First City Capital Management Inc. increased its stake in shares of The Goldman Sachs Group by 37.9% during the fourth quarter. First City Capital Management Inc. now owns 1,311 shares of the investment management company’s stock worth $751,000 after purchasing an additional 360 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GS. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. UBS Group reissued a “neutral” rating and issued a $610.00 price target on shares of The Goldman Sachs Group in a research note on Monday. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Trading Down 0.9 %

GS traded down $5.34 on Tuesday, hitting $578.05. The company had a trading volume of 733,071 shares, compared to its average volume of 1,644,486. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $181.46 billion, a P/E ratio of 16.96, a PEG ratio of 0.85 and a beta of 1.38. The company’s fifty day moving average price is $579.47 and its 200 day moving average price is $522.58. The Goldman Sachs Group, Inc. has a 1 year low of $372.07 and a 1 year high of $612.73.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $5.47 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 2nd were issued a $3.00 dividend. The ex-dividend date was Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.08%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Insider Buying and Selling

In related news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 16.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares of the company’s stock, valued at $372,404,774. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,940 shares of company stock valued at $13,717,979. Corporate insiders own 0.54% of the company’s stock.

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.