Private Trust Co. NA Has $1.40 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Private Trust Co. NA lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 9.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,226 shares of the investment management company’s stock after acquiring an additional 366 shares during the quarter. Private Trust Co. NA’s holdings in The Goldman Sachs Group were worth $1,395,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $808,203,000. State Street Corp increased its stake in shares of The Goldman Sachs Group by 2.9% in the fourth quarter. State Street Corp now owns 21,484,443 shares of the investment management company’s stock worth $8,218,874,000 after purchasing an additional 600,643 shares during the period. BlackRock Inc. increased its stake in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. BlackRock Inc. now owns 23,795,472 shares of the investment management company’s stock worth $9,102,958,000 after purchasing an additional 570,001 shares during the period. Balyasny Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 313.6% in the third quarter. Balyasny Asset Management LLC now owns 675,003 shares of the investment management company’s stock worth $255,171,000 after purchasing an additional 511,802 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of The Goldman Sachs Group by 615.6% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 449,631 shares of the investment management company’s stock worth $172,006,000 after purchasing an additional 386,799 shares during the period. 71.42% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. Piper Sandler dropped their price objective on The Goldman Sachs Group from $465.00 to $430.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. Oppenheimer lowered their price target on The Goldman Sachs Group from $546.00 to $519.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 3rd. Wells Fargo & Company lowered The Goldman Sachs Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 28th. BMO Capital Markets lowered their price target on The Goldman Sachs Group from $488.00 to $486.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Finally, Bank of America boosted their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “neutral” rating in a research note on Monday, April 18th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $440.73.

In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 90,427 shares of the company’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $19.16, for a total transaction of $1,732,581.32. Following the transaction, the director now owns 3,130,987 shares of the company’s stock, valued at approximately $59,989,710.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David M. Solomon sold 9,768 shares of the company’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $334.57, for a total value of $3,268,079.76. Following the transaction, the chief executive officer now directly owns 96,467 shares in the company, valued at approximately $32,274,964.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,330,390 shares of company stock worth $28,952,332. Company insiders own 0.57% of the company’s stock.

Shares of GS opened at $284.54 on Thursday. The company has a market capitalization of $97.73 billion, a P/E ratio of 5.52, a PEG ratio of 0.59 and a beta of 1.40. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.88 and a quick ratio of 0.88. The Goldman Sachs Group, Inc. has a one year low of $278.15 and a one year high of $426.16. The business’s 50 day simple moving average is $310.94 and its 200-day simple moving average is $341.42.

The Goldman Sachs Group (NYSE:GSGet Rating) last posted its quarterly earnings data on Thursday, April 14th. The investment management company reported $10.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.61 by $2.15. The Goldman Sachs Group had a return on equity of 19.08% and a net margin of 31.21%. The firm had revenue of $12.93 billion for the quarter, compared to the consensus estimate of $11.76 billion. During the same quarter in the prior year, the business earned $18.60 EPS. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 37.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, May 31st. The Goldman Sachs Group’s dividend payout ratio is 15.53%.

The Goldman Sachs Group Company Profile (Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSGet Rating).

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

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