Whittier Trust Co. Purchases 1,097 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Whittier Trust Co. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,403 shares of the investment management company's stock after acquiring an additional 1,097 shares during the period. Whittier Trust Co.'s holdings in The Goldman Sachs Group were worth $50,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after purchasing an additional 161,500 shares in the last quarter. GAMMA Investing LLC raised its stake in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. FMR LLC raised its stake in The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after purchasing an additional 687,711 shares in the last quarter. Northern Trust Corp raised its stake in The Goldman Sachs Group by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after purchasing an additional 428,502 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter worth about $1,766,238,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $2.02 during midday trading on Friday, hitting $707.86. 1,228,400 shares of the company traded hands, compared to its average volume of 2,366,331. The stock has a market cap of $217.20 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.97 and a beta of 1.35. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. The firm's fifty day moving average price is $644.19 and its 200-day moving average price is $599.95. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the previous year, the firm posted $8.62 EPS. The firm's revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 2.26%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. HSBC reiterated a "reduce" rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday. JMP Securities reiterated a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $649.29.

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.