First American Trust FSB lifted its position in Goldman Sachs Group Inc (NYSE:GS) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,582 shares of the investment management company’s stock after buying an additional 4,300 shares during the period. Goldman Sachs Group makes up about 1.5% of First American Trust FSB’s portfolio, making the stock its 21st largest position. First American Trust FSB’s holdings in Goldman Sachs Group were worth $6,008,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Valmark Advisers Inc. purchased a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $200,000. Physicians Financial Services Inc. purchased a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $212,000. Endurance Wealth Management Inc. grew its position in Goldman Sachs Group by 35.8% during the 2nd quarter. Endurance Wealth Management Inc. now owns 7,525 shares of the investment management company’s stock worth $1,670,000 after purchasing an additional 1,982 shares during the last quarter. Palisade Capital Management LLC NJ grew its position in Goldman Sachs Group by 10.2% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 3,141 shares of the investment management company’s stock worth $697,000 after purchasing an additional 291 shares during the last quarter. Finally, Advisor Partners LLC grew its position in Goldman Sachs Group by 7.6% during the 2nd quarter. Advisor Partners LLC now owns 7,053 shares of the investment management company’s stock worth $1,565,000 after purchasing an additional 500 shares during the last quarter. 73.27% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs Group Inc (NYSE:GS) opened at $254.33 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $262.14. The stock has a market cap of $95,930.00, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.02 and a beta of 1.47.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the previous year, the business posted $4.88 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. research analysts anticipate that Goldman Sachs Group Inc will post 19.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 15.58%.
GS has been the topic of several research analyst reports. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group in a research report on Wednesday, September 13th. JPMorgan Chase & Co. set a $260.00 target price on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. BMO Capital Markets restated a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group in a research note on Friday, October 6th. Finally, Credit Suisse Group cut shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $251.90.
In other Goldman Sachs Group news, VP Gregory K. Palm sold 4,620 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Insiders have sold 135,177 shares of company stock valued at $32,435,160 over the last 90 days. 2.57% of the stock is currently owned by company insiders.
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Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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