Davidson Investment Advisors Has $28.91 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Davidson Investment Advisors lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,489 shares of the investment management company’s stock after purchasing an additional 789 shares during the quarter. The Goldman Sachs Group makes up about 1.4% of Davidson Investment Advisors’ investment portfolio, making the stock its 19th largest position. Davidson Investment Advisors’ holdings in The Goldman Sachs Group were worth $28,911,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its position in The Goldman Sachs Group by 10.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 16 shares during the last quarter. Ledyard National Bank raised its stake in The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock valued at $278,000 after buying an additional 16 shares during the period. Seelaus Asset Management LLC raised its stake in The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock valued at $378,000 after buying an additional 16 shares during the period. Genesee Capital Advisors LLC raised its stake in The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after buying an additional 17 shares during the period. Finally, Horst & Graben Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 1.5% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Barclays increased their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Oppenheimer reduced their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have given 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 $591.06.

The Goldman Sachs Group Stock Up 1.9 %

The Goldman Sachs Group stock opened at $661.56 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $379.14 and a 1-year high of $663.87. The firm has a market capitalization of $205.38 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The firm’s fifty day moving average price is $605.16 and its two-hundred day moving average price is $552.61. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the firm earned $5.48 earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.81%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares in the company, valued at $372,404,774. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 over the last quarter. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.