The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 92.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,982 shares of the investment management company’s stock after buying an additional 5,277 shares during the period. RWA Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $4,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Cambridge Trust Co. raised its holdings in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares during the period. Truvestments Capital LLC increased its holdings in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $32,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $42,000. Finally, CNB Bank boosted its position in shares of The Goldman Sachs Group by 55.7% in the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $418.05 on Tuesday. The firm has a market capitalization of $135.67 billion, a P/E ratio of 16.30, a PEG ratio of 1.30 and a beta of 1.43. The stock has a fifty day moving average price of $396.92 and a 200 day moving average price of $367.80. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the business earned $8.79 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GS. Royal Bank of Canada increased their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Evercore ISI increased their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. JMP Securities increased their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. raised their price target 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. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

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.