The Goldman Sachs Group, Inc. $GS Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,194 shares of the investment management company’s stock after acquiring an additional 140 shares during the quarter. Boston Trust Walden Corp’s holdings in The Goldman Sachs Group were worth $845,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC increased its stake in The Goldman Sachs Group by 230.8% during the second quarter. Frazier Financial Advisors LLC now owns 86 shares of the investment management company’s stock worth $61,000 after purchasing an additional 60 shares during the period. Morningstar Investment Management LLC purchased a new stake in The Goldman Sachs Group during the second quarter worth about $887,000. Perfromance Wealth Partners LLC increased its stake in The Goldman Sachs Group by 2.4% during the second quarter. Perfromance Wealth Partners LLC now owns 133,940 shares of the investment management company’s stock worth $94,796,000 after purchasing an additional 3,124 shares during the period. Axxcess Wealth Management LLC increased its stake in The Goldman Sachs Group by 4.4% during the second quarter. Axxcess Wealth Management LLC now owns 13,218 shares of the investment management company’s stock worth $9,355,000 after purchasing an additional 563 shares during the period. Finally, Jag Capital Management LLC purchased a new stake in The Goldman Sachs Group during the second quarter worth about $390,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $790.00 to $850.00 and gave the stock a “market perform” rating in a research note on Friday, October 10th. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Morgan Stanley lowered their target price 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. Barclays boosted their target price on The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $765.07.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $768.20 on Thursday. The stock has a market cap of $232.55 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42. The company has a fifty day simple moving average of $763.93 and a 200-day simple moving average of $666.82. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. 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 Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 net margin of 13.18% and a return on equity of 14.79%. The company had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter last year, the company earned $8.40 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts expect 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 Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. 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 presently 35.26%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction 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. This trade represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock worth $28,111,828 in the last ninety days. Company insiders own 0.55% of the company’s stock.

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.