Regent Peak Wealth Advisors LLC Has $389,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Regent Peak Wealth Advisors LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 680 shares of the investment management company’s stock after buying an additional 24 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Diversified Trust Co grew its holdings in The Goldman Sachs Group by 0.4% in the fourth quarter. Diversified Trust Co now owns 10,189 shares of the investment management company’s stock worth $5,834,000 after purchasing an additional 42 shares during the period. Moller Wealth Partners bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $207,000. Bank of New Hampshire grew its stake in shares of The Goldman Sachs Group by 8.0% in the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after buying an additional 18 shares during the period. Neville Rodie & Shaw Inc. increased its position in The Goldman Sachs Group by 12.1% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 6,594 shares of the investment management company’s stock valued at $3,776,000 after buying an additional 710 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in The Goldman Sachs Group by 30.3% during the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after buying an additional 49,710 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Barclays boosted their target price on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley lifted their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Citigroup raised their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $569.31.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded down $1.35 during midday trading on Tuesday, reaching $582.04. 988,002 shares of the company traded hands, compared to its average volume of 1,714,264. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73. The firm’s fifty day moving average price is $579.47 and its two-hundred day moving average price is $522.58. 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 firm has a market capitalization of $182.71 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.47 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 2nd were issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.06%. The ex-dividend date was Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is currently owned by company insiders.

About The Goldman Sachs Group

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.