Naviter Wealth LLC Has $1.94 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Naviter Wealth LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,037 shares of the investment management company’s stock after acquiring an additional 961 shares during the quarter. Naviter Wealth LLC’s holdings in The Goldman Sachs Group were worth $1,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Cambridge Trust Co. raised its stake in shares of The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Truvestments Capital LLC raised its stake in shares of 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 in the last quarter. BKM Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $32,000. Wetzel Investment Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $42,000. Finally, CNB Bank raised its stake in shares of The Goldman Sachs Group by 55.7% during the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock worth $53,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $5.39 during trading hours on Monday, hitting $432.96. 1,370,831 shares of the company were exchanged, compared to its average volume of 2,372,521. The company has a market cap of $140.51 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.35 and a beta of 1.43. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $433.05. 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 firm’s fifty day moving average is $400.27 and its 200 day moving average is $370.90.

The Goldman Sachs Group (NYSE:GS) last released its 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 company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.79 EPS. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current fiscal 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 issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Oppenheimer upped their price objective on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Edward Jones started coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. UBS Group increased 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. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $434.93.

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated 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 completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

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.