Legacy Trust Has $9.63 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Legacy Trust lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,810 shares of the investment management company’s stock after buying an additional 137 shares during the quarter. The Goldman Sachs Group makes up approximately 2.2% of Legacy Trust’s investment portfolio, making the stock its 10th largest position. Legacy Trust’s holdings in The Goldman Sachs Group were worth $9,626,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Genesee Capital Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after acquiring an additional 17 shares in the last quarter. Waddell & Associates LLC boosted its position in shares of The Goldman Sachs Group by 2.1% in the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 18 shares during the period. Wescott Financial Advisory Group LLC increased its stake in The Goldman Sachs Group by 0.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after purchasing an additional 18 shares in the last quarter. Bank of New Hampshire raised its holdings in The Goldman Sachs Group by 8.0% during the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after buying an additional 18 shares during the period. Finally, Marino Stram & Associates LLC lifted its stake in The Goldman Sachs Group by 4.2% during the fourth quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company’s stock valued at $257,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $638.13 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $200.31 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The stock has a 50-day moving average of $593.22 and a 200-day moving average of $538.70. The Goldman Sachs Group, Inc. has a 52-week low of $375.20 and a 52-week high of $649.00.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the company posted $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup raised their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Oppenheimer dropped their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, UBS Group raised their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. The trade was a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,657 shares of company stock worth $21,973,272 over the last ninety days. Company insiders own 0.54% of the company’s stock.

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.