The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by FineMark National Bank & Trust

FineMark National Bank & Trust grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,371 shares of the investment management company’s stock after acquiring an additional 157 shares during the quarter. FineMark National Bank & Trust’s holdings in The Goldman Sachs Group were worth $1,930,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 4.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,146 shares of the investment management company’s stock valued at $2,053,000 after buying an additional 170 shares during the period. Larson Financial Group LLC grew its position in The Goldman Sachs Group by 12.3% in the third quarter. Larson Financial Group LLC now owns 1,536 shares of the investment management company’s stock worth $761,000 after acquiring an additional 168 shares during the period. Davis R M Inc. increased its stake in The Goldman Sachs Group by 11.9% during the third quarter. Davis R M Inc. now owns 1,184 shares of the investment management company’s stock worth $586,000 after acquiring an additional 126 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in The Goldman Sachs Group in the third quarter valued at $1,189,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of The Goldman Sachs Group by 5.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,643 shares of the investment management company’s stock valued at $2,299,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Morgan Stanley lowered their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $593.27.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $586.16 on Wednesday. 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 company has a fifty day simple moving average of $611.53 and a 200-day simple moving average of $570.61. The stock has a market cap of $182.90 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19.

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

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.05%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.