Asset Dedication LLC raised its position in Goldman Sachs Group Inc (NYSE:GS) by 17.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,794 shares of the investment management company’s stock after buying an additional 419 shares during the period. Asset Dedication LLC’s holdings in Goldman Sachs Group were worth $714,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Northwest Quadrant Wealth Management LLC acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $101,000. Sterling Investment Advisors Ltd. boosted its holdings in shares of Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares during the last quarter. Gs Investments Inc. acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Finally, First Personal Financial Services raised its position in shares of Goldman Sachs Group by 230.2% during the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after buying an additional 366 shares during the period. Institutional investors own 73.28% of the company’s stock.
In other news, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Lloyd C. Blankfein sold 20,794 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The disclosure for this sale can be found here. Insiders have sold 130,226 shares of company stock worth $31,247,168 in the last ninety days. Corporate insiders own 2.57% of the company’s stock.
Shares of Goldman Sachs Group Inc (GS) opened at $258.46 on Wednesday. The stock has a market capitalization of $96,952.10, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $262.14.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the previous year, the company earned $4.88 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. equities research analysts expect that Goldman Sachs Group Inc will post 18.98 EPS for the current year.
Several research firms have recently commented on GS. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a research report on Friday, October 6th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $295.00 price target (up previously from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Finally, Vertical Group lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $250.89.
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About Goldman Sachs Group
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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