Davis R M Inc. Has $437,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Davis R M Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,133 shares of the investment management company’s stock after acquiring an additional 75 shares during the period. Davis R M Inc.’s holdings in The Goldman Sachs Group were worth $437,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. First United Bank & Trust bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Truvestments Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. BKM Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $32,000. Signature Resources Capital Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $39,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GS shares. HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Edward Jones began coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Finally, Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $440.57.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was 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 of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE GS traded down $0.87 during trading on Thursday, reaching $461.51. The company’s stock had a trading volume of 314,561 shares, compared to its average volume of 2,331,150. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $148.82 billion, a PE ratio of 18.06, a P/E/G ratio of 0.95 and a beta of 1.40. The firm has a fifty day moving average of $422.29 and a 200 day moving average of $388.77. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company earned $8.79 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

About The Goldman Sachs Group

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.