Webster Bank N. A. Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Webster Bank N. A. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 32.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 619 shares of the investment management company’s stock after purchasing an additional 150 shares during the period. Webster Bank N. A.’s holdings in The Goldman Sachs Group were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of GS. West Branch Capital LLC purchased a new stake in The Goldman Sachs Group in the third quarter worth about $30,000. DT Investment Partners LLC lifted its position 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 worth $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Country Trust Bank purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $37,000. Finally, Hershey Financial Advisers LLC bought a new position in The Goldman Sachs Group in the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of analyst reports. Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. JMP Securities lifted their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their target price on 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,017 shares of company stock valued at $19,655,538. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $636.80 on Monday. The firm’s fifty day moving average is $591.21 and its two-hundred day moving average is $536.52. The firm has a market cap of $199.90 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.88 and a beta of 1.38. 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 Goldman Sachs Group, Inc. has a one year low of $374.24 and a one year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued 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 is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.