DE Burlo Group Inc. Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

DE Burlo Group Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 28.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,800 shares of the investment management company’s stock after acquiring an additional 7,900 shares during the period. The Goldman Sachs Group comprises 3.4% of DE Burlo Group Inc.’s portfolio, making the stock its 13th biggest position. DE Burlo Group Inc.’s holdings in The Goldman Sachs Group were worth $28,509,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GS. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group in the third quarter worth $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at $28,000. Corundum Trust Company INC bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $29,000. Clearstead Trust LLC bought a new position in shares of The Goldman Sachs Group in the second quarter worth about $31,000. Finally, Elevation Wealth Partners LLC increased its stake in The Goldman Sachs Group by 100.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GS. Royal Bank Of Canada boosted their price objective on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Dbs Bank raised their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research note on Friday, January 16th. BNP Paribas Exane boosted their price target on The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Finally, Daiwa Securities Group raised their price objective on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $919.29.

Get Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,092 shares of The Goldman Sachs Group stock in a transaction on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 11,623 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the completion of the transaction, the chief financial officer directly owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Up 0.1%

NYSE GS opened at $833.18 on Wednesday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $247.25 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34. The company’s 50-day simple moving average is $916.39 and its two-hundred day simple moving average is $843.25.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.95 EPS. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Recommended Stories

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.