Delta Asset Management LLC TN lowered its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,880 shares of the investment management company’s stock after selling 443 shares during the quarter. Goldman Sachs Group accounts for 3.1% of Delta Asset Management LLC TN’s portfolio, making the stock its 13th biggest holding. Delta Asset Management LLC TN’s holdings in Goldman Sachs Group were worth $21,879,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Goldman Sachs Group by 9.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after buying an additional 7,736 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of Goldman Sachs Group by 5.9% in the 3rd quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after buying an additional 4,390 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Goldman Sachs Group by 223.8% in the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after buying an additional 27,121 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of Goldman Sachs Group by 29.9% in the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after buying an additional 4,714 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its holdings in shares of Goldman Sachs Group by 23.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after buying an additional 152 shares during the period. Institutional investors own 73.31% of the company’s stock.
In related news, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Insiders have sold a total of 115,333 shares of company stock worth $27,705,377 over the last ninety days. 2.57% of the stock is currently owned by corporate insiders.
GS has been the subject of several research reports. BMO Capital Markets reiterated a “hold” rating and issued a $202.00 target price on shares of Goldman Sachs Group in a report on Friday, October 6th. Credit Suisse Group cut Goldman Sachs Group from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Citigroup reiterated a “neutral” rating and issued a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group in a report on Monday, October 9th. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Friday, October 13th. Finally, Morgan Stanley upped their target price on Goldman Sachs Group from $265.00 to $287.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $254.67.
Shares of Goldman Sachs Group Inc (NYSE:GS) traded up $5.40 during midday trading on Tuesday, hitting $261.52. The company had a trading volume of 5,263,600 shares, compared to its average volume of 3,724,693. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market cap of $98,060.00, a PE ratio of 30.16, a P/E/G ratio of 0.93 and a beta of 1.47. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $262.87.
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, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same period in the prior year, the company posted $5.08 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. analysts predict that Goldman Sachs Group Inc will post 21.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is currently 34.60%.
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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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