Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $77,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 71.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200 shares of the investment management company’s stock after selling 512 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in The Goldman Sachs Group were worth $77,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Congress Wealth Management LLC DE grew its stake in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after acquiring an additional 650,918 shares in the last quarter. Morgan Stanley grew its stake in shares of The Goldman Sachs Group by 7.8% in the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after buying an additional 412,383 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of The Goldman Sachs Group by 17.5% in the third quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock valued at $556,295,000 after buying an additional 255,690 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of The Goldman Sachs Group in the third quarter valued at $64,070,000. Finally, Raymond James & Associates grew its stake in shares of The Goldman Sachs Group by 41.9% in the fourth quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock valued at $236,101,000 after buying an additional 180,674 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GS shares. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $410.00 to $430.00 in a report on Thursday, March 14th. JMP Securities raised their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Edward Jones initiated coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating for the company. HSBC lifted their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Bank of America lifted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $423.72 on Wednesday. The stock’s 50 day moving average is $397.82 and its 200 day moving average is $368.58. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The firm has a market cap of $137.51 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.34 and a beta of 1.43. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $425.35.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the firm earned $8.79 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.60%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

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.