Weaver Capital Management LLC Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Weaver Capital Management LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,396 shares of the investment management company’s stock after acquiring an additional 186 shares during the quarter. Weaver Capital Management LLC’s holdings in The Goldman Sachs Group were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank increased its position in shares of The Goldman Sachs Group by 4.7% during the 3rd quarter. Czech National Bank now owns 64,331 shares of the investment management company’s stock valued at $31,851,000 after purchasing an additional 2,882 shares during the last quarter. WealthBridge Capital Management LLC bought a new stake in The Goldman Sachs Group in the third quarter worth about $215,000. Everpar Advisors LLC boosted its stake in The Goldman Sachs Group by 24.9% in the third quarter. Everpar Advisors LLC now owns 863 shares of the investment management company’s stock valued at $427,000 after acquiring an additional 172 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of The Goldman Sachs Group by 9.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 5,991 shares of the investment management company’s stock valued at $2,966,000 after acquiring an additional 513 shares during the period. Finally, Fulton Bank N.A. increased its stake in shares of The Goldman Sachs Group by 13.7% during the 3rd quarter. Fulton Bank N.A. now owns 3,101 shares of the investment management company’s stock worth $1,535,000 after purchasing an additional 374 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,475 shares of company stock worth $19,692,543. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $634.48 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $375.20 and a twelve month high of $650.00. 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 stock has a market cap of $196.97 billion, a P/E ratio of 15.65, a PEG ratio of 0.89 and a beta of 1.39. The business’s 50-day moving average price is $596.65 and its two-hundred day moving average price is $542.74.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. 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 posted $5.48 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Analyst Ratings Changes

Several equities analysts recently commented on GS shares. Oppenheimer dropped their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. UBS Group increased their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Finally, 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 research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.