Whittier Trust Co. Increases Position in Goldman Sachs Group, Inc. (The) (GS)

Whittier Trust Co. increased its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,552 shares of the investment management company’s stock after acquiring an additional 1,141 shares during the quarter. Whittier Trust Co.’s holdings in Goldman Sachs Group, Inc. (The) were worth $12,465,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Alpha Cubed Investments LLC increased its holdings in Goldman Sachs Group, Inc. (The) by 14.5% in the 3rd quarter. Alpha Cubed Investments LLC now owns 13,695 shares of the investment management company’s stock valued at $3,248,000 after buying an additional 1,734 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in Goldman Sachs Group, Inc. (The) by 2.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 9,516 shares of the investment management company’s stock valued at $2,257,000 after buying an additional 221 shares during the period. First Financial Bank Trust Division increased its holdings in Goldman Sachs Group, Inc. (The) by 2.5% in the 3rd quarter. First Financial Bank Trust Division now owns 15,501 shares of the investment management company’s stock valued at $3,677,000 after buying an additional 380 shares during the period. Rockefeller Financial Services Inc. increased its holdings in Goldman Sachs Group, Inc. (The) by 8.7% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 7,829 shares of the investment management company’s stock valued at $1,857,000 after buying an additional 625 shares during the period. Finally, Sumitomo Life Insurance Co. increased its holdings in Goldman Sachs Group, Inc. (The) by 59.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 15,410 shares of the investment management company’s stock valued at $3,655,000 after buying an additional 5,750 shares during the period. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Credit Suisse Group downgraded shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, August 31st. Keefe, Bruyette & Woods downgraded shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $260.00 to $240.00 in a research note on Wednesday, July 19th. BMO Capital Markets boosted their target price on shares of Goldman Sachs Group, Inc. (The) from $202.00 to $217.00 and gave the company a “market perform” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research downgraded shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $245.06.

In related news, Director David A. Viniar sold 7,393 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Harvey M. Schwartz sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,344 shares of company stock valued at $9,125,608. 2.57% of the stock is owned by company insiders.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at $240.15 on Monday. Goldman Sachs Group, Inc. has a 52 week low of $198.25 and a 52 week high of $255.15. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $90,584.94, a P/E ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the prior year, the business earned $4.88 EPS. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was up 2.0% compared to the same quarter last year. analysts anticipate that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.25%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.63%.

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About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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