Whalerock Point Partners LLC Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Whalerock Point Partners LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,475 shares of the investment management company’s stock after acquiring an additional 145 shares during the quarter. Whalerock Point Partners LLC’s holdings in The Goldman Sachs Group were worth $845,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $544.95 on Friday. The business has a 50 day moving average price of $548.95 and a 200 day moving average price of $573.94. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $170.05 billion, a P/E ratio of 13.44, a PEG ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1-year low of $425.19 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 EPS. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.20%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. UBS Group increased their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John B. Hess acquired 3,904 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.55% of the company’s stock.

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.