Merrion Investment Management Co LLC Purchases 40 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Merrion Investment Management Co LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,382 shares of the investment management company’s stock after purchasing an additional 40 shares during the period. The Goldman Sachs Group comprises about 2.1% of Merrion Investment Management Co LLC’s investment portfolio, making the stock its 11th biggest position. Merrion Investment Management Co LLC’s holdings in The Goldman Sachs Group were worth $3,082,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $30,000. DT Investment Partners LLC raised its stake in shares of The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter worth approximately $34,000. Country Trust Bank bought a new stake in shares of The Goldman Sachs Group during the third quarter worth approximately $37,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of The Goldman Sachs Group during the third quarter worth approximately $38,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. UBS Group boosted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted 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 report on Thursday, January 16th. Finally, Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $638.13 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm’s fifty day moving average price is $593.22 and its two-hundred day moving average price is $538.70. The Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $649.00. The firm has a market capitalization of $200.31 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (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 analyst estimates of $12.36 billion. During the same period in the prior year, the firm posted $5.48 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insider Activity

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 8,489 shares in the company, valued at $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. Insiders have sold 35,657 shares of company stock valued at $21,973,272 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

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.