Greenhaven Associates Inc. lowered its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,698,245 shares of the investment management company’s stock after selling 7,450 shares during the period. Goldman Sachs Group comprises 14.2% of Greenhaven Associates Inc.’s holdings, making the stock its largest holding. Greenhaven Associates Inc. owned about 0.98% of Goldman Sachs Group worth $942,165,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Trust Co grew its holdings in Goldman Sachs Group by 29.5% in the third quarter. Trust Co now owns 6,972 shares of the investment management company’s stock worth $1,654,000 after purchasing an additional 1,588 shares during the period. First American Trust FSB lifted its stake in shares of Goldman Sachs Group by 22.3% in the fourth quarter. First American Trust FSB now owns 23,582 shares of the investment management company’s stock valued at $6,008,000 after buying an additional 4,300 shares in the last quarter. Patriot Wealth Management Inc. lifted its stake in shares of Goldman Sachs Group by 1.6% in the fourth quarter. Patriot Wealth Management Inc. now owns 26,961 shares of the investment management company’s stock valued at $6,868,000 after buying an additional 418 shares in the last quarter. Grassi Investment Management lifted its stake in shares of Goldman Sachs Group by 2.7% in the fourth quarter. Grassi Investment Management now owns 23,495 shares of the investment management company’s stock valued at $5,986,000 after buying an additional 625 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its stake in shares of Goldman Sachs Group by 37.9% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 14,772 shares of the investment management company’s stock valued at $3,763,000 after buying an additional 4,062 shares in the last quarter. 73.38% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on GS shares. Instinet reaffirmed an “outperform” rating and issued a $225.00 price objective (down from $238.00) on shares of Goldman Sachs Group in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Vining Sparks reissued a “hold” rating and set a $270.00 price target on shares of Goldman Sachs Group in a research report on Monday, January 8th. Barclays raised their price target on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 price target on shares of Goldman Sachs Group and gave the company a “sell” rating in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $256.20.
Goldman Sachs Group Inc (GS) opened at $260.04 on Friday. The company has a market cap of $98,090.00, a P/E ratio of 29.99, a P/E/G ratio of 0.98 and a beta of 1.37. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79. 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 issued its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the previous year, the company earned $5.08 earnings per share. Goldman Sachs Group’s revenue for the quarter was down 4.2% on a year-over-year basis. equities analysts forecast that Goldman Sachs Group Inc will post 21.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.15%. Goldman Sachs Group’s dividend payout ratio is presently 34.60%.
In other news, insider David M. Solomon sold 21,252 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Pablo J. Salame sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $270.42, for a total transaction of $2,704,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 158,414 shares of company stock valued at $39,361,490. Corporate insiders own 2.57% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/03/greenhaven-associates-inc-has-942-17-million-stake-in-goldman-sachs-group-inc-gs.html.
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.
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.