Chesapeake Wealth Management Takes $208,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Chesapeake Wealth Management bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 363 shares of the investment management company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. acquired a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $26,000. West Branch Capital LLC acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. DT Investment Partners LLC increased its position in The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $34,000. Finally, Country Trust Bank bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now directly owns 608,425 shares in the company, valued at $372,404,774. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock worth $12,656,179 over the last ninety days. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $626.84 on Tuesday. 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 stock’s fifty day simple moving average is $587.22 and its two-hundred day simple moving average is $530.73. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00. The stock has a market cap of $196.77 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the business earned $5.48 EPS. The business’s revenue was up 22.5% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. Oppenheimer cut their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. UBS Group restated a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a report on Monday, January 6th. Morgan Stanley increased their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Barclays increased their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $589.19.

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.