WASHINGTON TRUST Co Buys 360 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

WASHINGTON TRUST Co grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 74.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 842 shares of the investment management company’s stock after acquiring an additional 360 shares during the quarter. WASHINGTON TRUST Co’s holdings in The Goldman Sachs Group were worth $325,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GS. Cambridge Trust Co. boosted its position in shares of The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. Truvestments Capital LLC boosted its position in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 44 shares during the period. BKM Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $32,000. Pacific Center for Financial Services bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. Finally, Worth Asset Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of analyst reports. Oppenheimer dropped their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. UBS Group boosted their price target 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 initiated coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.10.

Insiders Place Their Bets

In other The Goldman Sachs Group 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 transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at approximately $4,357,659.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction on Friday, February 23rd. The shares were 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 directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,907 shares of company stock worth $15,080,021. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 0.3 %

GS stock traded up $1.11 during trading on Thursday, hitting $416.36. The company had a trading volume of 1,222,996 shares, compared to its average volume of 2,322,057. The business has a 50-day moving average of $387.82 and a 200-day moving average of $357.13. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $419.20. The stock has a market cap of $135.12 billion, a PE ratio of 18.28, a PEG ratio of 1.56 and a beta of 1.42. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the business posted $3.32 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Research analysts predict that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is 48.20%.

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.