Goldman Sachs Group Inc (GS) Holdings Boosted by Washington Trust Bank

Washington Trust Bank boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,187 shares of the investment management company’s stock after buying an additional 2,062 shares during the quarter. Goldman Sachs Group makes up approximately 1.2% of Washington Trust Bank’s investment portfolio, making the stock its 17th largest position. Washington Trust Bank’s holdings in Goldman Sachs Group were worth $7,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in Goldman Sachs Group by 9.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after buying an additional 7,736 shares during the last quarter. Commonwealth Bank of Australia increased its position in Goldman Sachs Group by 5.9% during the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after buying an additional 4,390 shares during the last quarter. Quantbot Technologies LP increased its position in Goldman Sachs Group by 223.8% during the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after buying an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL increased its position in Goldman Sachs Group by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after buying an additional 4,714 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its position in Goldman Sachs Group by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after buying an additional 152 shares during the last quarter. 73.27% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Solomon sold 12,707 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock valued at $32,435,160 over the last quarter. 2.57% of the stock is owned by corporate insiders.

A number of brokerages have weighed in on GS. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research report on Tuesday, December 19th. Vertical Group raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $295.00 target price (up previously from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Barclays upped their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $250.00 target price (up previously from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $250.24.

Goldman Sachs Group Inc (NYSE:GS) traded down $1.67 during midday trading on Wednesday, reaching $254.00. The company’s stock had a trading volume of 2,147,557 shares, compared to its average volume of 2,388,600. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $262.14. The company has a market capitalization of $95,760.00, a PE ratio of 13.19, a PEG ratio of 1.02 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the prior year, the company earned $4.88 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts expect that Goldman Sachs Group Inc will post 19.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.58%.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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