The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Lifted by Perigon Wealth Management LLC

Perigon Wealth Management LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 36.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,103 shares of the investment management company’s stock after purchasing an additional 3,216 shares during the quarter. Perigon Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $7,419,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of GS. West Branch Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at $30,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares during the period. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at $34,000. Country Trust Bank acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at $37,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at $38,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.7 %

Shares of The Goldman Sachs Group stock opened at $632.13 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 Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54. The stock has a 50-day moving average price of $591.21 and a 200 day moving average price of $536.52. The company has a market cap of $198.43 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last issued 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 company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 46.81 EPS 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 $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GS shares. Morgan Stanley upped their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. 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 report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $591.06.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,017 shares of company stock valued at $19,655,538 in the last three months. 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.