Oakworth Capital Inc. Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Oakworth Capital Inc. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 37.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 518 shares of the investment management company’s stock after buying an additional 142 shares during the period. Oakworth Capital Inc.’s holdings in The Goldman Sachs Group were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Mizuho Securities USA LLC raised its stake in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares in the last quarter. FMR LLC boosted its holdings in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after buying an additional 521,054 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in The Goldman Sachs Group by 154.7% during the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after purchasing an additional 251,972 shares in the last quarter. Congress Asset Management Co. raised its position in shares of The Goldman Sachs Group by 829.0% in the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after buying an additional 232,297 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its position in shares of The Goldman Sachs Group by 265.4% in the third quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock valued at $123,035,000 after buying an additional 180,500 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GS shares. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,475 shares of company stock worth $19,692,543. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $645.13 on Thursday. The stock has a market capitalization of $200.28 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $650.00. The company’s fifty day moving average is $598.03 and its two-hundred day moving average is $544.50. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.48 EPS. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.86%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

About The Goldman Sachs Group

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.