The Goldman Sachs Group, Inc. (NYSE:GS) Stake Boosted by Norway Savings Bank

Norway Savings Bank increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,721 shares of the investment management company’s stock after purchasing an additional 131 shares during the period. Norway Savings Bank’s holdings in The Goldman Sachs Group were worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Waddell & Associates LLC lifted its stake in The Goldman Sachs Group by 2.1% in the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after buying an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC increased its holdings in shares of The Goldman Sachs Group by 0.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after acquiring an additional 18 shares during the period. Bank of New Hampshire lifted its position in The Goldman Sachs Group by 8.0% in the 4th 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 during the last quarter. First Pacific Financial boosted its stake in The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the period. Finally, Krane Funds Advisors LLC grew its position in The Goldman Sachs Group by 1.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction 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 completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GS shares. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $569.31.

The Goldman Sachs Group Trading Down 0.5 %

Shares of The Goldman Sachs Group stock traded down $3.08 on Tuesday, reaching $580.31. 1,422,893 shares of the company were exchanged, compared to its average volume of 1,818,241. The Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $612.73. The firm has a market capitalization of $182.17 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. 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 stock has a fifty day moving average price of $579.47 and a 200-day moving average price of $522.58.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 2nd were given a $3.00 dividend. The ex-dividend date was Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.07%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

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.