Naviter Wealth LLC Increases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Naviter Wealth LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 56.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,306 shares of the investment management company’s stock after buying an additional 2,271 shares during the quarter. Naviter Wealth LLC’s holdings in The Goldman Sachs Group were worth $3,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Rialto Wealth Management LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $66,000. Larson Financial Group LLC boosted its position in shares of The Goldman Sachs Group by 6.0% during the 4th quarter. Larson Financial Group LLC now owns 1,628 shares of the investment management company’s stock valued at $932,000 after acquiring an additional 92 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $4,596,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of The Goldman Sachs Group by 19.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 893 shares of the investment management company’s stock valued at $564,000 after acquiring an additional 145 shares during the last quarter. Finally, Oak Hill Wealth Advisors LLC boosted its position in shares of The Goldman Sachs Group by 200.0% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 500 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 1,000 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kevin R. Johnson purchased 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 1.4 %

NYSE:GS opened at $559.55 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $381.42 and a twelve month high of $672.19. The company has a market cap of $174.60 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock has a fifty day simple moving average of $616.96 and a 200-day simple moving average of $565.29. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the company earned $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.14%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GS shares. Citigroup increased their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $591.69.

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.