Waycross Partners LLC Has $28.94 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Waycross Partners LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,541 shares of the investment management company’s stock after acquiring an additional 1,691 shares during the quarter. The Goldman Sachs Group makes up approximately 3.7% of Waycross Partners LLC’s holdings, making the stock its 7th biggest position. Waycross Partners LLC’s holdings in The Goldman Sachs Group were worth $28,941,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $29,000. DT Investment Partners LLC grew its stake in shares of The Goldman Sachs Group by 110.0% in the third 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 in the last quarter. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter valued at $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of The Goldman Sachs Group in the third quarter valued at $38,000. 71.21% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 completion of the sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 in the last ninety days. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GS has been the subject of several research reports. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on shares of 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. Citigroup upped their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Barclays boosted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Oppenheimer lowered their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Trading Up 1.9 %

NYSE GS opened at $661.56 on Tuesday. The firm has a market capitalization of $205.38 billion, a P/E ratio of 16.31, a PEG ratio of 0.91 and a beta of 1.39. The business has a fifty day simple moving average of $605.16 and a 200 day simple moving average of $552.61. The Goldman Sachs Group, Inc. has a 12 month low of $379.14 and a 12 month high of $663.87. 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 (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $12.36 billion. During the same period last year, the firm posted $5.48 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict 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. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.