Haverford Trust Co Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Haverford Trust Co lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,306 shares of the investment management company’s stock after buying an additional 281 shares during the period. Haverford Trust Co’s holdings in The Goldman Sachs Group were worth $1,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meridian Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 8.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 1,268 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 96 shares during the last quarter. Nicolet Advisory Services LLC lifted its stake in The Goldman Sachs Group by 4.4% in the third quarter. Nicolet Advisory Services LLC now owns 476 shares of the investment management company’s stock valued at $231,000 after buying an additional 20 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of The Goldman Sachs Group by 32.0% in the third quarter. Great Valley Advisor Group Inc. now owns 3,758 shares of the investment management company’s stock valued at $1,860,000 after acquiring an additional 912 shares during the period. Kingsview Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 4.3% during the third quarter. Kingsview Wealth Management LLC now owns 4,146 shares of the investment management company’s stock worth $2,053,000 after acquiring an additional 170 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of The Goldman Sachs Group by 12.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,536 shares of the investment management company’s stock valued at $761,000 after acquiring an additional 168 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group upped 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. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $591.93.

The Goldman Sachs Group Price Performance

GS stock opened at $581.12 on Tuesday. The firm has a 50 day moving average of $611.24 and a 200-day moving average of $569.86. The company has a market cap of $181.33 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.89 and a beta of 1.37. 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 12-month low of $387.12 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) 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 firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.06%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 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.