Tradition Capital Management LLC trimmed its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,495 shares of the investment management company’s stock after selling 560 shares during the period. Tradition Capital Management LLC’s holdings in Goldman Sachs Group were worth $2,673,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group increased its stake in shares of Goldman Sachs Group by 29.5% in the 2nd quarter. Schroder Investment Management Group now owns 700,138 shares of the investment management company’s stock valued at $157,119,000 after acquiring an additional 159,329 shares in the last quarter. AMG National Trust Bank increased its stake in shares of Goldman Sachs Group by 2.7% in the 2nd quarter. AMG National Trust Bank now owns 10,422 shares of the investment management company’s stock valued at $2,313,000 after acquiring an additional 278 shares in the last quarter. Exencial Wealth Advisors LLC increased its stake in Goldman Sachs Group by 1.2% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 1,900 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 22 shares in the last quarter. Tredje AP fonden increased its stake in Goldman Sachs Group by 14.0% during the 2nd quarter. Tredje AP fonden now owns 36,132 shares of the investment management company’s stock valued at $8,018,000 after purchasing an additional 4,440 shares in the last quarter. Finally, CIBC World Markets Inc. increased its stake in Goldman Sachs Group by 20.7% during the 2nd quarter. CIBC World Markets Inc. now owns 167,879 shares of the investment management company’s stock valued at $37,252,000 after purchasing an additional 28,776 shares in the last quarter. Institutional investors own 73.28% of the company’s stock.
Goldman Sachs Group Inc (NYSE GS) traded down $0.06 during midday trading on Friday, hitting $267.62. The stock had a trading volume of 2,600,591 shares, compared to its average volume of 4,053,485. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $273.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market cap of $100,950.00, a P/E ratio of 13.41, a P/E/G ratio of 0.95 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the previous year, the business earned $5.08 EPS. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. research analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 15.03%.
A number of brokerages recently issued reports on GS. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price objective on the stock in a research note on Tuesday, December 19th. Bank of America upped their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, November 20th. Vertical Group raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, Barclays increased their price objective on Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $256.75.
In related news, insider R. Martin Chavez sold 11,829 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $259.22, for a total transaction of $3,066,313.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were 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. Over the last three months, insiders sold 167,843 shares of company stock valued at $41,855,427. Corporate 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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