SVB Wealth LLC Sells 1,637 Shares of The Goldman Sachs Group, Inc. $GS

SVB Wealth LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 21.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,033 shares of the investment management company’s stock after selling 1,637 shares during the period. SVB Wealth LLC’s holdings in The Goldman Sachs Group were worth $4,805,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $26,000. First PREMIER Bank acquired a new position in shares of The Goldman Sachs Group during the third quarter worth $28,000. Corundum Trust Company INC acquired a new position in The Goldman Sachs Group in the 3rd quarter worth about $29,000. Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

GS stock opened at $944.49 on Tuesday. The firm’s fifty day moving average is $911.93 and its 200 day moving average is $819.03. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The firm has a market cap of $283.28 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.14 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period in the prior year, the business posted $11.95 earnings per share. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 31.20%.

Insider Activity at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 9,589 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $927.51, for a total value of $8,893,893.39. Following the completion of the sale, the insider directly owned 18,533 shares in the company, valued at $17,189,542.83. This represents a 34.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Treasurer Carey Halio sold 2,846 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the sale, the treasurer owned 2,017 shares in the company, valued at approximately $1,870,101.89. The trade was a 58.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,513 shares of company stock valued at $83,718,401 over the last three months. 0.55% of the stock is owned by insiders.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. 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. BNP Paribas Exane upped their price target on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. BMO Capital Markets boosted their target price on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their target price on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Finally, HSBC boosted their price objective on The Goldman Sachs Group from $742.00 to $802.00 in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $916.86.

Check Out Our Latest Report on GS

The Goldman Sachs Group Profile

(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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