The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Baxter Bros Inc.

Baxter Bros Inc. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,506 shares of the investment management company’s stock after acquiring an additional 151 shares during the quarter. The Goldman Sachs Group accounts for 1.2% of Baxter Bros Inc.’s investment portfolio, making the stock its 23rd largest position. Baxter Bros Inc.’s holdings in The Goldman Sachs Group were worth $8,879,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in GS. Bay Capital Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $528,000. PKS Advisory Services LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $269,000. Prestige Wealth Management Group LLC increased its stake in The Goldman Sachs Group by 1.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock worth $950,000 after purchasing an additional 18 shares during the period. First American Trust FSB lifted its position in shares of The Goldman Sachs Group by 52.5% during the fourth quarter. First American Trust FSB now owns 19,158 shares of the investment management company’s stock worth $10,971,000 after purchasing an additional 6,597 shares in the last quarter. Finally, TIAA Trust National Association boosted its stake in shares of The Goldman Sachs Group by 0.7% in the fourth quarter. TIAA Trust National Association now owns 41,979 shares of the investment management company’s stock valued at $24,038,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GS shares. Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company reissued an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Finally, Barclays lifted their price target on shares of 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. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $591.93.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $581.12 on Tuesday. 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 stock has a market cap of $181.33 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.89 and a beta of 1.37. The stock has a 50 day moving average of $611.24 and a two-hundred day moving average of $569.86. The Goldman Sachs Group, Inc. has a twelve month low of $387.12 and a twelve month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.48 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.