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Davidson Investment Advisors Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Davidson Investment Advisors grew its stake in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,270 shares of the investment management company’s stock after buying an additional 1,010 shares during the period. The Goldman Sachs Group accounts for 1.3% of Davidson Investment Advisors’ holdings, making the stock its 25th biggest position. Davidson Investment Advisors’ holdings in The Goldman Sachs Group were worth $15,025,000 as of its most recent filing with the Securities and Exchange Commission.

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Other hedge funds and other institutional investors have also made changes to their positions in the company. Centerpoint Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter worth $26,000. NewSquare Capital LLC acquired a new stake in The Goldman Sachs Group during the third quarter valued at $29,000. Paragon Wealth Strategies LLC acquired a new stake in The Goldman Sachs Group during the third quarter valued at $31,000. Worth Asset Management LLC acquired a new stake in The Goldman Sachs Group during the first quarter valued at $33,000. Finally, SJS Investment Consulting Inc. acquired a new stake in The Goldman Sachs Group during the third quarter valued at $32,000. Hedge funds and other institutional investors own 69.09% of the company’s stock.

Insider Activity

In other news, COO John E. Waldron sold 6,740 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $383.66, for a total value of $2,585,868.40. Following the sale, the chief operating officer now directly owns 83,424 shares of the company’s stock, valued at approximately $32,006,451.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO John E. Waldron sold 6,740 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $383.66, for a total transaction of $2,585,868.40. Following the sale, the chief operating officer now directly owns 83,424 shares of the company’s stock, valued at approximately $32,006,451.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John E. Waldron sold 3,371 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $385.98, for a total transaction of $1,301,138.58. Following the sale, the chief operating officer now directly owns 76,683 shares in the company, valued at $29,598,104.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,840,311 shares of company stock valued at $114,884,116. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Odeon Capital Group upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $370.14 price target on the stock in a research report on Tuesday, January 10th. Oppenheimer dropped their price target on shares of The Goldman Sachs Group from $512.00 to $492.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 28th. Barclays raised their price target on shares of The Goldman Sachs Group from $410.00 to $495.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. StockNews.com began coverage on shares of The Goldman Sachs Group in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $385.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $396.54.

The Goldman Sachs Group Trading Down 0.7 %

GS stock traded down $2.41 during trading on Friday, reaching $352.56. 591,593 shares of the stock were exchanged, compared to its average volume of 3,626,094. The company has a current ratio of 1.18, a quick ratio of 0.84 and a debt-to-equity ratio of 2.11. The business has a 50 day moving average price of $359.65 and a 200-day moving average price of $340.02. The Goldman Sachs Group, Inc. has a 1 year low of $277.84 and a 1 year high of $389.58. The firm has a market capitalization of $118.08 billion, a price-to-earnings ratio of 11.73 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.25 by ($1.93). The company had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.30%. The Goldman Sachs Group’s revenue was down 16.2% on a year-over-year basis. During the same period last year, the firm posted $10.81 earnings per share. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 33.32 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, March 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 33.27%.

The Goldman Sachs Group Company Profile

(Get Rating)

The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSGet Rating).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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