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

Sabal Trust CO boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 87.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,708 shares of the investment management company’s stock after acquiring an additional 1,260 shares during the period. Sabal Trust CO’s holdings in The Goldman Sachs Group were worth $1,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $29,000. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at $34,000. Capital Performance Advisors LLP purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth $38,000. Finally, JDM Financial Group LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth $42,000. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares in the company, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 31,475 shares of company stock valued at $19,692,543. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $614.86 on Wednesday. The company has a market capitalization of $191.86 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.89 and a beta of 1.39. The business has a 50 day moving average of $613.18 and a 200 day moving average of $560.79. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the firm posted $5.48 earnings per share. The business’s revenue was up 22.5% compared to the same quarter last year. On average, 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.95%. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analyst Weigh In

GS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. UBS Group upped their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Oppenheimer decreased their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Citigroup increased their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $593.56.

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.