Private Advisor Group LLC decreased its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,940 shares of the investment management company’s stock after selling 1,167 shares during the quarter. Private Advisor Group LLC’s holdings in Goldman Sachs Group were worth $1,499,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. FTB Advisors Inc. increased its stake in Goldman Sachs Group by 0.3% during the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after acquiring an additional 5 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Goldman Sachs Group by 1.5% during the second quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock worth $159,000 after acquiring an additional 13 shares during the last quarter. Keel Point LLC increased its stake in Goldman Sachs Group by 0.4% during the second quarter. Keel Point LLC now owns 4,024 shares of the investment management company’s stock worth $893,000 after acquiring an additional 18 shares during the last quarter. Blue Edge Capital LLC increased its stake in Goldman Sachs Group by 0.6% during the second quarter. Blue Edge Capital LLC now owns 3,107 shares of the investment management company’s stock worth $689,000 after acquiring an additional 20 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in Goldman Sachs Group by 0.9% during the second quarter. Moors & Cabot Inc. now owns 2,264 shares of the investment management company’s stock worth $500,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.
Several research firms have issued reports on GS. Vetr cut Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price for the company. in a research note on Wednesday. Bank of America reissued a “buy” rating and set a $300.00 target price (up previously from $249.30) on shares of Goldman Sachs Group in a research note on Monday, February 12th. Morgan Stanley raised their target price on 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 reissued an “outperform” rating and set a $320.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set 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, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $256.75.
Goldman Sachs Group Inc (NYSE:GS) opened at $267.62 on Friday. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $273.79. The company has a market capitalization of $100,946.80, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.96 and a beta of 1.37. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping 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 firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same period in the previous year, the firm posted $5.08 EPS. Goldman Sachs Group’s revenue for the quarter was down 4.2% on a year-over-year basis. analysts anticipate that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a yield of 1.12%. Goldman Sachs Group’s payout ratio is 34.84%.
In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of Goldman Sachs Group 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Solomon sold 21,252 shares of Goldman Sachs Group stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The disclosure for this sale can be found here. Insiders have sold a total of 167,843 shares of company stock valued at $41,855,427 over the last three months. 2.57% of the stock is currently owned by insiders.
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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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