SlateStone Wealth LLC Has $2.54 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

SlateStone Wealth LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 6,589 shares of the investment management company’s stock after acquiring an additional 275 shares during the period. SlateStone Wealth LLC’s holdings in The Goldman Sachs Group were worth $2,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Congress Wealth Management LLC DE lifted its stake in The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares in the last quarter. Morgan Stanley boosted its holdings in shares of The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after purchasing an additional 412,383 shares during the period. Wellington Management Group LLP boosted its holdings in shares of The Goldman Sachs Group by 17.5% during the third quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock worth $556,295,000 after purchasing an additional 255,690 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of The Goldman Sachs Group in the third quarter worth $64,070,000. Finally, Raymond James & Associates increased its position in The Goldman Sachs Group by 41.9% during the fourth quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock worth $236,101,000 after acquiring an additional 180,674 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’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 owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’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 transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock traded down $1.90 on Wednesday, hitting $422.10. 182,087 shares of the stock traded hands, compared to its average volume of 2,373,332. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $425.35. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The firm has a market cap of $136.98 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.34 and a beta of 1.43. The firm has a 50 day simple moving average of $397.82 and a two-hundred day simple moving average of $368.58.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping 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 business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the firm earned $8.79 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GS shares. BMO Capital Markets increased their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research report on Tuesday, April 16th. UBS Group upped their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

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.