Naviter Wealth LLC Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Naviter Wealth LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,037 shares of the investment management company’s stock after purchasing an additional 961 shares during the quarter. Naviter Wealth LLC’s holdings in The Goldman Sachs Group were worth $1,943,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $32,000. Cambridge Trust Co. lifted its position in The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Truvestments Capital LLC lifted its position in The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $42,000. Finally, Activest Wealth Management lifted its position in The Goldman Sachs Group by 527.3% during the fourth quarter. Activest Wealth Management now owns 138 shares of the investment management company’s stock valued at $53,000 after buying an additional 116 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GS has been the topic of a number of recent research reports. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. JMP Securities boosted their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Finally, Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $434.93.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock traded up $5.39 during trading on Monday, hitting $432.96. 1,370,831 shares of the company’s stock traded hands, compared to its average volume of 2,372,521. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $433.05. The stock has a fifty day moving average price of $400.27 and a two-hundred day moving average price of $370.90. The stock has a market capitalization of $140.51 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.54%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

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.