Neville Rodie & Shaw Inc. Purchases 710 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Neville Rodie & Shaw Inc. grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,594 shares of the investment management company’s stock after acquiring an additional 710 shares during the period. Neville Rodie & Shaw Inc.’s holdings in The Goldman Sachs Group were worth $3,776,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Nordea Investment Management AB lifted its stake in The Goldman Sachs Group by 30.3% in the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after purchasing an additional 49,710 shares during the last quarter. First City Capital Management Inc. lifted its stake in The Goldman Sachs Group by 37.9% in the 4th quarter. First City Capital Management Inc. now owns 1,311 shares of the investment management company’s stock valued at $751,000 after purchasing an additional 360 shares during the last quarter. GAMMA Investing LLC lifted its stake in The Goldman Sachs Group by 6.0% in the 4th quarter. GAMMA Investing LLC now owns 6,217 shares of the investment management company’s stock valued at $3,560,000 after purchasing an additional 352 shares during the last quarter. Versant Capital Management Inc lifted its stake in The Goldman Sachs Group by 104.0% in the 4th quarter. Versant Capital Management Inc now owns 561 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 286 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in The Goldman Sachs Group by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company’s stock valued at $180,357,000 after purchasing an additional 7,644 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,940 shares of company stock valued at $13,717,979. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS traded up $9.93 on Monday, hitting $590.06. The stock had a trading volume of 1,119,994 shares, compared to its average volume of 1,555,500. The firm has a 50-day moving average of $578.26 and a 200-day moving average of $521.69. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $185.23 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52-week low of $372.07 and a 52-week high of $612.73.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the previous year, the firm posted $5.47 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 2nd were issued a $3.00 dividend. The ex-dividend date was Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.03%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Analysts Set New Price Targets

Several brokerages have issued reports on GS. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. JMP Securities boosted their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Oppenheimer dropped 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $561.50.

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.