Goldman Sachs Group Inc (GS) Shares Bought by Whittier Trust Co.

Whittier Trust Co. boosted its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 53,567 shares of the investment management company’s stock after acquiring an additional 1,015 shares during the period. Whittier Trust Co.’s holdings in Goldman Sachs Group were worth $13,646,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GS. Janus Henderson Group PLC raised its position in Goldman Sachs Group by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after acquiring an additional 2,416,970 shares during the period. The Manufacturers Life Insurance Company raised its position in Goldman Sachs Group by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after acquiring an additional 1,152,869 shares during the period. Balyasny Asset Management LLC raised its position in Goldman Sachs Group by 1,654.0% during the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock worth $229,595,000 after acquiring an additional 975,690 shares during the period. Jennison Associates LLC raised its position in Goldman Sachs Group by 15.1% during the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after acquiring an additional 727,698 shares during the period. Finally, Capital World Investors raised its position in Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after acquiring an additional 726,582 shares during the period. Institutional investors own 73.52% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE GS) opened at $249.30 on Friday. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $273.79. The stock has a market cap of $94,036.46, a PE ratio of 28.95, a P/E/G ratio of 0.90 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same period last year, the business earned $5.08 earnings per share. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. analysts predict that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is currently 34.84%.

A number of equities research analysts have recently commented on GS shares. BMO Capital Markets increased their target price on shares of Goldman Sachs Group from $202.00 to $217.00 and gave the company a “market perform” rating in a research report on Wednesday, October 18th. Morgan Stanley increased their target price on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Buckingham Research reiterated a “neutral” rating and issued a $250.00 target price (up from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a research report on Thursday, October 19th. Finally, Societe Generale set a $198.00 target price on shares of Goldman Sachs Group and gave the company a “sell” rating in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $256.75.

In related news, insider David M. Solomon sold 2,400 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $238.49, for a total transaction of $572,376.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total transaction of $5,950,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 170,243 shares of company stock valued at $42,427,803. 2.57% of the stock is owned by company insiders.

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About Goldman Sachs Group

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 (NYSE:GS)

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