Jamison Private Wealth Management Inc. Increases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Jamison Private Wealth Management Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,949 shares of the investment management company’s stock after purchasing an additional 785 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in The Goldman Sachs Group were worth $6,843,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $30,000. DT Investment Partners LLC increased its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares during the period. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at $34,000. Country Trust Bank acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth $37,000. Finally, Hershey Financial Advisers LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter worth about $38,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GS. Barclays raised their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. 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. Finally, UBS Group raised their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Stock Down 0.4 %

GS opened at $636.80 on Friday. The firm has a market cap of $199.90 billion, a P/E ratio of 15.70, a PEG ratio of 0.88 and a beta of 1.38. The business’s fifty day simple moving average is $591.21 and its 200 day simple moving average is $535.67. The Goldman Sachs Group, Inc. has a 52 week low of $374.24 and a 52 week high of $645.54. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Activity

In related news, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,017 shares of company stock valued at $19,655,538 over the last quarter. Company insiders own 0.54% of the company’s stock.

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.