DE Burlo Group Inc. Raises Stock Position in The Goldman Sachs Group, Inc. $GS

DE Burlo Group Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 28.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 35,800 shares of the investment management company’s stock after acquiring an additional 7,900 shares during the period. The Goldman Sachs Group makes up about 3.4% of DE Burlo Group Inc.’s portfolio, making the stock its 13th largest holding. DE Burlo Group Inc.’s holdings in The Goldman Sachs Group were worth $28,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in The Goldman Sachs Group in the third quarter worth $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $28,000. Corundum Trust Company INC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth $29,000. Clearstead Trust LLC purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $31,000. Finally, Elevation Wealth Partners LLC grew its stake in The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 13,151 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the completion of the transaction, the executive vice president owned 39,007 shares of the company’s stock, valued at $37,408,883.21. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 11,623 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the transaction, the chief financial officer owned 29,342 shares of the company’s stock, valued at $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 0.1%

Shares of NYSE:GS opened at $833.18 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70. The stock has a market cap of $247.25 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.02 and a beta of 1.34. The business has a 50-day moving average price of $916.39 and a 200-day moving average price of $843.25.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the prior year, the firm earned $11.95 earnings per share. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group reiterated a “neutral” rating and issued a $990.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, February 4th. Royal Bank Of Canada boosted their price target on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Rothschild & Co Redburn lifted their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Barclays upped their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $919.29.

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About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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