The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,021 shares of the investment management company’s stock after acquiring an additional 623 shares during the quarter. SVB Wealth LLC’s holdings in The Goldman Sachs Group were worth $3,480,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Fairfield Bush & CO. acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $66,000. Candriam Luxembourg S.C.A. increased its position in shares of The Goldman Sachs Group by 1,505.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock valued at $13,633,000 after purchasing an additional 38,727 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of The Goldman Sachs Group by 18.5% in the 1st quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock valued at $39,153,000 after purchasing an additional 18,540 shares during the last quarter. Zions Bancorporation N.A. increased its position in shares of The Goldman Sachs Group by 79.4% in the 1st quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock valued at $273,000 after purchasing an additional 366 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of The Goldman Sachs Group by 118.3% in the 1st quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 168 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. In the last three months, insiders sold 35,907 shares of company stock worth $13,950,851. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research report on Tuesday. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. BMO Capital Markets increased their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday. Barclays increased their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Stock Up 1.8 %

Shares of NYSE GS opened at $403.91 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. The firm has a 50-day moving average price of $395.67 and a 200 day moving average price of $365.35. The stock has a market capitalization of $131.08 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter last year, the business earned $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.72%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

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.