Crossmark Global Holdings Inc. grew its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,125 shares of the investment management company’s stock after acquiring an additional 1,179 shares during the period. Crossmark Global Holdings Inc.’s holdings in Goldman Sachs Group were worth $7,420,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of GS. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $101,000. Sterling Investment Advisors Ltd. increased its stake 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 in the last quarter. Gs Investments Inc. purchased a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Cerebellum GP LLC purchased a new position in shares of Goldman Sachs Group during the 4th quarter worth approximately $122,000. Finally, FNY Managed Accounts LLC increased its stake in shares of Goldman Sachs Group by 605.1% during the 2nd quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock worth $123,000 after purchasing an additional 478 shares in the last quarter. Institutional investors own 73.28% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE:GS) traded up $3.17 during midday trading on Wednesday, hitting $258.70. 847,640 shares of the stock traded hands, compared to its average volume of 4,020,953. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $273.79. The stock has a market cap of $96,390.00, a PE ratio of 12.80, a PEG ratio of 0.91 and a beta of 1.37. 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 (NYSE:GS) last announced its quarterly earnings data 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. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $5.08 EPS. sell-side analysts forecast that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal 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 issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.16%. Goldman Sachs Group’s payout ratio is 15.03%.
A number of brokerages have recently weighed in on GS. Vetr cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price objective for the company. in a research note on Wednesday. Bank of America reaffirmed a “buy” rating and issued a $300.00 target price (up from $249.30) on shares of Goldman Sachs Group in a research note on Monday. Morgan Stanley lifted their target price on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $260.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $256.75.
In related news, insider David M. Solomon sold 21,252 shares of Goldman Sachs Group stock in a transaction on Monday, January 29th. The shares were sold at an average price of $271.65, for a total transaction of $5,773,105.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group 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 disclosure for this sale can be found here. Insiders have sold a total of 167,843 shares of company stock worth $41,855,427 in the last 90 days. Company insiders own 2.57% of the company’s stock.
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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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