SlateStone Wealth LLC Has $2.54 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

SlateStone Wealth LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,589 shares of the investment management company’s stock after buying an additional 275 shares during the period. SlateStone Wealth LLC’s holdings in The Goldman Sachs Group were worth $2,542,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GS. Morgan Stanley increased its position in shares of The Goldman Sachs Group by 7.8% during the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after purchasing an additional 412,383 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of The Goldman Sachs Group by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 4,139,767 shares of the investment management company’s stock worth $1,339,505,000 after acquiring an additional 41,488 shares during the period. Northern Trust Corp raised its holdings in shares of The Goldman Sachs Group by 3.2% in the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after buying an additional 104,424 shares during the period. Invesco Ltd. boosted its position in The Goldman Sachs Group by 6.1% during the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after acquiring an additional 159,512 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in The Goldman Sachs Group by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,848,113 shares of the investment management company’s stock valued at $597,994,000 after purchasing an additional 19,920 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 0.4 %

NYSE GS traded down $1.90 on Wednesday, hitting $422.10. 182,087 shares of the stock were exchanged, compared to its average volume of 2,373,332. The company has a 50-day moving average price of $397.82 and a 200-day moving average price of $368.58. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $425.35. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The company has a market cap of $136.98 billion, a PE ratio of 16.55, a PEG ratio of 1.34 and a beta of 1.43.

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

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.61%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GS. UBS Group increased their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Edward Jones began coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating for the company. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $434.93.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction 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 completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the 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 sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

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.