BankPlus Trust Department Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

BankPlus Trust Department purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,164 shares of the investment management company’s stock, valued at approximately $667,000.

Several other large investors also recently added to or reduced their stakes in the stock. Swedbank AB boosted its stake in shares of The Goldman Sachs Group by 4.2% during the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock worth $167,866,000 after purchasing an additional 13,730 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of The Goldman Sachs Group by 14.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,057 shares of the investment management company’s stock valued at $20,966,000 after buying an additional 5,402 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of The Goldman Sachs Group by 67.0% in the third quarter. Arkadios Wealth Advisors now owns 5,562 shares of the investment management company’s stock worth $2,754,000 after buying an additional 2,232 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of The Goldman Sachs Group by 9.5% in the third quarter. GHP Investment Advisors Inc. now owns 566 shares of the investment management company’s stock worth $280,000 after buying an additional 49 shares during the period. Finally, Modera Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 0.5% during the 3rd quarter. Modera Wealth Management LLC now owns 3,963 shares of the investment management company’s stock worth $1,962,000 after acquiring an additional 21 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,475 shares of company stock worth $19,692,543. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GS. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $593.56.

The Goldman Sachs Group Trading Down 2.6 %

NYSE GS opened at $625.70 on Monday. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The company has a 50 day moving average price of $611.58 and a 200 day moving average price of $558.92. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $195.24 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.48 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

The Goldman Sachs Group 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.