Huntington National Bank Buys 2,356 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Huntington National Bank grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 22.9% in the 4th quarter, HoldingsChannel reports. The fund owned 12,642 shares of the investment management company’s stock after purchasing an additional 2,356 shares during the quarter. Huntington National Bank’s holdings in The Goldman Sachs Group were worth $7,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GS. Jackson Grant Investment Advisers Inc. raised its holdings in The Goldman Sachs Group by 10.9% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock valued at $93,000 after acquiring an additional 16 shares in the last quarter. Ledyard National Bank increased its position in shares of 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 worth $278,000 after purchasing 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 purchasing an additional 16 shares in the last quarter. Pointe Capital Management LLC lifted its position in The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after purchasing an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC grew its stake in The Goldman Sachs Group by 1.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after buying an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 2.9 %

Shares of NYSE:GS opened at $564.24 on Thursday. The firm has a market cap of $176.06 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The business has a fifty day simple moving average of $603.45 and a 200 day simple moving average of $573.30. 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS 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 company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.13%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin R. Johnson purchased 2,400 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This represents a ? increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, UBS Group boosted 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. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $591.87.

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.