Greenhaven Associates Inc. reduced its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,698,245 shares of the investment management company’s stock after selling 7,450 shares during the period. Goldman Sachs Group makes up approximately 14.2% of Greenhaven Associates Inc.’s portfolio, making the stock its biggest holding. Greenhaven Associates Inc. owned 0.98% of Goldman Sachs Group worth $942,165,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northwest Quadrant Wealth Management LLC acquired a new stake in Goldman Sachs Group in the 2nd quarter worth about $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in Goldman Sachs Group in the 2nd quarter worth approximately $101,000. Sterling Investment Advisors Ltd. lifted its stake in Goldman Sachs Group by 35.7% in 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 in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at approximately $111,000. Finally, Gs Investments Inc. purchased a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at approximately $111,000. 73.28% of the stock is currently owned by institutional investors.
Several analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $260.00 price target on shares of Goldman Sachs Group in a research report on Thursday. Barclays reissued an “equal weight” rating and issued a $289.00 target price (down previously from $308.00) on shares of Goldman Sachs Group in a research report on Thursday. Oppenheimer boosted their price target on shares of Goldman Sachs Group from $301.00 to $313.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada boosted their price target on shares of Goldman Sachs Group to $265.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, BMO Capital Markets lowered their target price on shares of Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $254.67.
Shares of Goldman Sachs Group Inc (NYSE GS) traded down $2.68 during midday trading on Thursday, reaching $250.97. 4,973,691 shares of the company were exchanged, compared to its average volume of 2,870,000. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $262.14. The firm has a market capitalization of $94,670.00, a price-to-earnings ratio of 28.95, a P/E/G ratio of 0.94 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.08 earnings per share. analysts anticipate that Goldman Sachs Group Inc will post 18.98 EPS for the current fiscal year.
In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 20,794 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total transaction of $4,956,873.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. In the last three months, insiders sold 130,226 shares of company stock worth $31,247,168. Insiders own 2.57% of the company’s stock.
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Goldman Sachs Group 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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