Palouse Capital Management Inc. trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,956 shares of the investment management company’s stock after selling 3,246 shares during the quarter. Palouse Capital Management Inc.’s holdings in Goldman Sachs Group were worth $2,282,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Northwest Quadrant Wealth Management LLC acquired a new stake in Goldman Sachs Group during the second quarter worth about $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Goldman Sachs Group during the second quarter worth about $101,000. Sterling Investment Advisors Ltd. grew its holdings in Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares during the period. Cerebellum GP LLC acquired a new stake in Goldman Sachs Group during the fourth quarter worth about $122,000. Finally, Gs Investments Inc. acquired a new stake in Goldman Sachs Group during the second quarter worth about $111,000. Hedge funds and other institutional investors own 73.28% of the company’s stock.
In related news, Director David A. Viniar sold 25,000 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total transaction of $5,950,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Insiders sold 167,843 shares of company stock worth $41,855,427 over the last ninety days. Corporate insiders own 2.57% of the company’s stock.
Several analysts recently commented on the company. Vetr lowered Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price on the stock. in a report on Wednesday. Buckingham Research reissued a “neutral” rating and issued a $250.00 price objective (up from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Bank of America reissued a “buy” rating and issued a $300.00 price objective (up from $249.30) on shares of Goldman Sachs Group in a report on Monday. Barclays reissued an “equal weight” rating and issued a $289.00 price objective (down from $308.00) on shares of Goldman Sachs Group in a report on Thursday, January 18th. Finally, Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $256.75.
Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $255.57 on Wednesday. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $96,390.00, a P/E ratio of 12.80, a PEG ratio of 0.91 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.
Goldman Sachs Group (NYSE:GS) last issued its quarterly 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 return on equity of 11.47% and a net margin of 13.36%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $5.08 earnings per share. research analysts predict that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is presently 15.03%.
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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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