Sentinel Trust Co. LBA Has $511,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Sentinel Trust Co. LBA increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 67.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 892 shares of the investment management company’s stock after acquiring an additional 359 shares during the period. Sentinel Trust Co. LBA’s holdings in The Goldman Sachs Group were worth $511,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter worth $34,000. Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $38,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GS. Barclays upped their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on 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. UBS Group lifted 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. Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $607.99 on Friday. The firm has a 50-day moving average price of $615.62 and a two-hundred day moving average price of $561.52. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The company has a market capitalization of $189.72 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.89 and a beta of 1.39. 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 issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.48 earnings per share. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group 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 owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 over the last quarter. 0.57% of the stock is owned by corporate insiders.

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.