Sanctuary Advisors Increases Stake in Goldman Sachs

Sanctuary Advisors LLC has increased its ownership in The Goldman Sachs Group, Inc. (NYSE:GS) by 16.3% during the fourth quarter of the year. This change was disclosed in their most recent filing with the Securities and Exchange Commission. After acquiring an additional 10,392 shares, the firm now holds a total of 74,001 shares in the investment management company. The value of Sanctuary Advisors LLC's holdings in Goldman Sachs is approximately $42,374,000 according to their latest SEC filing.

Institutional Investors Adjust Holdings

Other institutional investors have also made adjustments to their positions in Goldman Sachs. Jackson Grant Investment Advisers Inc. increased its stake by 10.9%, now owning 163 shares valued at $93,000 after acquiring 16 additional shares. Ledyard National Bank raised its ownership by 3.4%, bringing its total to 486 shares worth $278,000. Seelaus Asset Management LLC also increased its stake by 2.5%, owning 660 shares valued at $378,000 after buying 16 shares. Genesee Capital Advisors LLC raised its position by 1.0%, increasing to 1,788 shares with a value of $1,024,000 after an additional 17 shares were purchased. Horst & Graben Wealth Management LLC grew its position by 1.5%, now owning 1,179 shares worth $675,000 after buying 17 shares. Currently, institutional investors and hedge funds control 71.21% of the company's stock.

Analyst Ratings and Future Projections

Several analysts have shared their assessments regarding Goldman Sachs' stock. Keefe, Bruyette & Woods has updated their price target from $686.00 to $690.00 and assigned it an "outperform" rating. Citigroup raised their price target from $485.00 to $585.00 and rated the stock as "neutral." UBS Group also increased their target from $610.00 to $640.00 maintaining a "neutral" rating. On the other hand, HSBC downgraded their rating from "buy" to "hold," slightly increasing their target from $569.00 to $608.00. Morgan Stanley has raised their price target from $736.00 to $782.00, giving the company an "overweight" rating. A total of eight analysts rated the stock as a hold, while twelve assigned a buy rating. MarketBeat.com indicates a consensus rating of "Moderate Buy" with an average target price of $591.06.

Insider Trading Activities

Recently, insider Alex S. Golten sold 5,208 shares of Goldman Sachs at an average price of $636.25, totaling approximately $3,313,590. Following this sale, Golten holds 3,545 shares valued at $2,255,506. This indicates a 59.50% decrease in their position. Another insider, Treasurer Carey Halio, sold 3,640 shares at an average price of $636.74, for a total of around $2,317,733.60. This sale resulted in a 44.43% decrease in Halio's ownership, who now has 4,552 shares valued at about $2,898,440. In the preceding ninety days, insiders have sold a total of 31,475 shares amounting to $19,692,543. Currently, corporate insiders hold 0.54% of Goldman Sachs' stock.

Stock Performance Overview

The Goldman Sachs Group stock opened at $661.56 recently. The company has recorded a 52-week low of $379.14 and a high of $663.87. Their quick ratio is 0.67, matching the current ratio, and their debt-to-equity ratio stands at 2.32. Notably, their 50-day simple moving average is $605.16, while the 200-day moving average is $552.30. The company's market capitalization is $205.38 billion, with a price-to-earnings ratio (PE ratio) of 16.31 and a P/E/G ratio of 0.91.

Recent Earnings Results

Goldman Sachs recently announced its earnings. For the quarter ending January 15, the firm reported earnings per share (EPS) of $11.95, surpassing analysts' expectations of $8.21 by $3.74. The reported revenue for the quarter was $13.87 billion, which exceeded analyst estimates of $12.36 billion. Goldman Sachs achieved a net margin of 11.32% and a return on equity of 13.30%. The revenue was up 22.5% year-over-year compared to the same period last year, when the firm reported an EPS of $5.48. Analysts forecast an EPS of 47.12 for the current fiscal year.

Dividend Announcement

The company also announced a quarterly dividend of $3.00, set to be paid on March 28. Shareholders of record on February 28 will receive this dividend, with the ex-dividend date also falling on February 28. This translates to an annualized dividend of $12.00, yielding 1.81%. The Goldman Sachs Group has a dividend payout ratio of 29.59%.

About Goldman Sachs

The Goldman Sachs Group, Inc. is a prominent financial institution providing various financial services to corporations, financial institutions, governments, and individuals around the globe. It operates through multiple segments, including Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The Global Banking & Markets segment offers advisory services covering mergers and acquisitions, corporate defense, and restructuring, alongside relationship lending and acquisition financing, coupled with structured credit and asset-backed lending.

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