Diversified Trust Co Purchases 42 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Diversified Trust Co lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,189 shares of the investment management company’s stock after purchasing an additional 42 shares during the quarter. Diversified Trust Co’s holdings in The Goldman Sachs Group were worth $5,834,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $26,000. Headlands Technologies LLC purchased a new position in The Goldman Sachs Group in the second quarter worth about $27,000. Quest Partners LLC increased its stake in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after acquiring an additional 63 shares during the last quarter. West Branch Capital LLC purchased a new stake in The Goldman Sachs Group during the third quarter valued at approximately $30,000. Finally, DT Investment Partners LLC lifted its stake in shares of The Goldman Sachs Group by 110.0% in 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 last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,940 shares of company stock valued at $13,717,979. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 0.9 %

NYSE:GS traded down $5.34 during mid-day trading on Tuesday, reaching $578.05. The company’s stock had a trading volume of 733,071 shares, compared to its average volume of 1,644,486. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1 year low of $372.07 and a 1 year high of $612.73. The stock has a fifty day moving average of $579.47 and a 200-day moving average of $522.58. The firm has a market capitalization of $181.46 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.47 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 2nd were issued a $3.00 dividend. The ex-dividend date was Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.08%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley increased their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Citigroup upped their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Evercore ISI upped their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $569.31.

The Goldman Sachs Group 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.