Webster Bank N. A. Acquires 125 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Webster Bank N. A. grew its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 85.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 271 shares of the investment management company’s stock after acquiring an additional 125 shares during the quarter. Webster Bank N. A.’s holdings in The Goldman Sachs Group were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in The Goldman Sachs Group by 0.4% in the second quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock worth $6,393,539,000 after purchasing an additional 76,641 shares in the last quarter. Morgan Stanley increased its holdings in shares of The Goldman Sachs Group by 40.0% during the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after purchasing an additional 1,696,350 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of The Goldman Sachs Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock worth $1,396,236,000 after acquiring an additional 52,016 shares during the period. Northern Trust Corp boosted its position in The Goldman Sachs Group by 3.2% during the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock worth $1,080,676,000 after purchasing an additional 104,424 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of The Goldman Sachs Group by 6.1% during the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after buying an additional 159,512 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GS shares. HSBC increased their price objective on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Oppenheimer lowered their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, March 27th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $411.10.

View Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $410.15 on Wednesday. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $419.20. The company has a market cap of $133.11 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $391.25 and its two-hundred day moving average is $359.92.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm posted $3.32 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a $2.75 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $11.00 dividend on an annualized basis and a yield of 2.68%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 48.20%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock valued at $15,080,021 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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