Sabal Trust CO Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Sabal Trust CO boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,421 shares of the investment management company's stock after purchasing an additional 713 shares during the quarter. Sabal Trust CO's holdings in The Goldman Sachs Group were worth $1,869,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $30,000. Godsey & Gibb Inc. boosted its holdings in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Transce3nd LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $31,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group during the 4th quarter worth $31,000. Finally, Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GS shares. JPMorgan Chase & Co. cut their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a report on Friday, April 4th. Morgan Stanley boosted their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a report on Monday. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Citigroup cut their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and an average price target of $595.67.

The Goldman Sachs Group Price Performance

Shares of GS traded up $3.59 during midday trading on Friday, hitting $690.75. 3,644,601 shares of the company traded hands, compared to its average volume of 2,381,784. The stock has a 50-day moving average of $598.32 and a 200-day moving average of $587.13. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $711.65. The firm has a market cap of $211.95 billion, a P/E ratio of 16.03, a PEG ratio of 0.94 and a beta of 1.32. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by company insiders.

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.