Stillwater Wealth Management Group Makes New $685,000 Investment in The Goldman Sachs Group, Inc. $GS

Stillwater Wealth Management Group purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the third quarter, Holdings Channel reports. The fund purchased 860 shares of the investment management company’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in GS. Harbor Capital Advisors Inc. purchased a new position in The Goldman Sachs Group in the third quarter worth $26,000. First PREMIER Bank purchased a new stake in The Goldman Sachs Group during the third quarter valued at about $28,000. Corundum Trust Company INC bought a new stake in The Goldman Sachs Group during the third quarter worth about $29,000. Elevation Wealth Partners LLC lifted its stake in The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after purchasing an additional 20 shares during the last quarter. Finally, Graney & King LLC boosted its holdings in shares of The Goldman Sachs Group by 51.5% in the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. Daiwa Securities Group boosted their target price on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Finally, BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $919.29.

View Our Latest Research Report on GS

Insider Transactions at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total value of $12,612,203.53. Following the transaction, the executive vice president directly owned 39,007 shares of the company’s stock, valued at $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the transaction, the insider directly owned 18,533 shares of the company’s stock, valued at approximately $17,189,542.83. This trade represents a 34.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is currently owned by insiders.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Trading Down 0.2%

NYSE GS opened at $805.07 on Thursday. The firm has a market cap of $238.90 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.99 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70. The stock has a 50-day moving average of $902.09 and a 200-day moving average of $844.80. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The Goldman Sachs Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $11.95 EPS. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a $4.50 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.09%.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

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

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