Whittier Trust Co. Acquires 6,526 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Whittier Trust Co. increased its holdings of The Goldman Sachs Group by 7.1%, owning a total of 98,929 shares worth around $70 million as of the latest quarter.
• The Goldman Sachs Group reported $12.25 earnings per share for the recent quarter, surpassing analysts' estimates of $10.27, while revenue was $11.33 billion, below expectations.
• Goldman Sachs also declared a quarterly dividend of $4.00 per share, representing a 2.1% yield, with a payout ratio of 32.50%.

Whittier Trust Co. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,929 shares of the investment management company's stock after purchasing an additional 6,526 shares during the period. The Goldman Sachs Group comprises approximately 0.8% of Whittier Trust Co.'s investment portfolio, making the stock its 21st biggest position. Whittier Trust Co.'s holdings in The Goldman Sachs Group were worth $70,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Canada Pension Plan Investment Board lifted its stake in shares of The Goldman Sachs Group by 28.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company's stock valued at $286,418,000 after acquiring an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC bought a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $321,000. Blueshift Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 161.8% in the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after acquiring an additional 652 shares during the last quarter. Adams Diversified Equity Fund Inc. lifted its stake in shares of The Goldman Sachs Group by 41.5% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after acquiring an additional 14,600 shares during the last quarter. Finally, Terra Nova Asset Management LLC bought a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $1,643,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of research reports. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Morgan Stanley dropped their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 15th. HSBC increased their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Royal Bank Of Canada restated a "neutral" rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Finally, Barclays increased their price objective on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an "overweight" rating in a report on Wednesday, October 15th. Four research 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's stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $771.00.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $763.11 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The business has a 50-day moving average price of $766.13 and a two-hundred day moving average price of $673.57. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The company 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 (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 Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period last year, the business posted $8.40 EPS. The business's revenue was up 19.5% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by insiders.

About The Goldman Sachs Group

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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