The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Webster Bank N. A.

Webster Bank N. A. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 32.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 619 shares of the investment management company’s stock after purchasing an additional 150 shares during the quarter. Webster Bank N. A.’s holdings in The Goldman Sachs Group were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group in the third quarter worth about $30,000. DT Investment Partners LLC lifted its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Country Trust Bank purchased a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $37,000. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. 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 report on Wednesday, October 9th. Bank of America raised their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Stock Down 0.4 %

The Goldman Sachs Group stock opened at $636.80 on Monday. The firm has a market capitalization of $199.90 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.88 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 Goldman Sachs Group, Inc. has a twelve month low of $374.24 and a twelve month high of $645.54. The stock’s fifty day simple moving average is $591.21 and its 200-day simple moving average is $536.52.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.48 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares in the company, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,017 shares of company stock worth $19,655,538 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.