The Goldman Sachs Group, Inc. $GS Position Lifted by Argent Trust Co

Argent Trust Co raised its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 4.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,852 shares of the investment management company’s stock after purchasing an additional 654 shares during the period. Argent Trust Co’s holdings in The Goldman Sachs Group were worth $12,624,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GS. Harbor Capital Advisors Inc. acquired a new stake in The Goldman Sachs Group during the third quarter valued at approximately $26,000. First PREMIER Bank bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $28,000. Corundum Trust Company INC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $29,000. Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC lifted its stake in 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 worth $32,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value 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. The trade was a 28.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 4,863 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the completion of the sale, the chief accounting officer owned 10,301 shares in the company, valued at $9,515,548.75. The trade was a 32.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 117,283 shares of company stock valued at $112,016,033 over the last quarter. Insiders own 0.55% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

Analyst Upgrades and Downgrades

GS has been the topic of a number of research reports. Barclays increased their target price on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Royal Bank Of Canada increased their price objective on shares of 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. Autonomous Res decreased their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. BMO Capital Markets upped their target price on The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a report on Tuesday, January 20th. Finally, Dbs Bank raised their price target on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $916.86.

Get Our Latest Report on GS

The Goldman Sachs Group Trading Down 7.7%

The Goldman Sachs Group stock opened at $857.90 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The stock has a market capitalization of $254.58 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The firm has a 50 day simple moving average of $924.23 and a 200-day simple moving average of $836.28.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released 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 return on equity of 15.19% and a net margin of 13.73%.The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the firm posted $11.95 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 31.20%.

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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