The Goldman Sachs Group, Inc. $GS Position Raised by Whittier Trust Co. of Nevada Inc.

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in The Goldman Sachs Group by 2.1% in Q2, holding 45,894 shares valued at approximately $32.5 million, making it the 27th largest holding in their portfolio.
• Insider selling occurred as EVP John F.W. Rogers and CEO David M. Solomon sold a combined 12,616 shares on July 23rd, decreasing their respective positions by 8.37% and 4.98%.
• The Goldman Sachs Group recently declared a quarterly dividend of $4.00 per share, with an annualized yield of 2.1%, set to be paid on December 30th.

Whittier Trust Co. of Nevada Inc. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,894 shares of the investment management company's stock after buying an additional 951 shares during the quarter. The Goldman Sachs Group makes up about 0.7% of Whittier Trust Co. of Nevada Inc.'s investment portfolio, making the stock its 27th largest holding. Whittier Trust Co. of Nevada Inc.'s holdings in The Goldman Sachs Group were worth $32,481,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dogwood Wealth Management LLC increased its holdings in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock valued at $26,000 after purchasing an additional 36 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at $25,000. American Capital Advisory LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at $29,000. Ridgewood Investments LLC increased its holdings in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock valued at $38,000 after purchasing an additional 17 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of The Goldman Sachs Group by 46.9% during the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after purchasing an additional 23 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,323 shares of company stock worth $28,111,828. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GS. Deutsche Bank Aktiengesellschaft raised their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a report on Tuesday, September 30th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Morgan Stanley lowered their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 15th. BMO Capital Markets initiated coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They set a "market perform" rating and a $785.00 target price on the stock. Finally, Citigroup lifted their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a "neutral" rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average target price of $771.00.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $763.11 on Tuesday. The business's 50-day moving average price is $766.13 and its 200 day moving average price is $673.57. The firm has a market cap of $231.01 billion, a P/E ratio of 15.50, a PEG ratio of 1.39 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The firm had revenue of $11.33 billion for the quarter, compared to analysts' expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The Goldman Sachs Group's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $8.40 EPS. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 32.50%.

The Goldman Sachs Group Company 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.

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