Whipplewood Advisors LLC Acquires New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59 shares of the investment management company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. grew its holdings in shares of The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after purchasing an additional 16 shares during the last quarter. Ledyard National Bank grew its stake in The Goldman Sachs Group by 3.4% in the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock worth $278,000 after acquiring an additional 16 shares in the last quarter. Seelaus Asset Management LLC grew its stake in The Goldman Sachs Group by 2.5% in the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after acquiring an additional 16 shares in the last quarter. Pointe Capital Management LLC increased its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after acquiring an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC raised its stake in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 in the last ninety days. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 2.3 %

The Goldman Sachs Group stock opened at $622.11 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $194.12 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock has a 50-day moving average of $616.74 and a two-hundred day moving average of $562.96. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its 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 company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the business earned $5.48 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

Several research firms have commented on GS. Barclays raised their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $690.00 to $660.00 in a report on Thursday. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Citigroup increased their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Company 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.