Suntrust Banks Inc. reduced its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 196,590 shares of the investment management company’s stock after selling 38,568 shares during the period. Suntrust Banks Inc. owned about 0.05% of Goldman Sachs Group worth $50,082,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its holdings in Goldman Sachs Group by 9.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after purchasing an additional 7,736 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Goldman Sachs Group by 5.9% in the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock valued at $18,738,000 after acquiring an additional 4,390 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Goldman Sachs Group by 223.8% in the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after acquiring an additional 27,121 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Goldman Sachs Group by 29.9% in the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after acquiring an additional 4,714 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in shares of Goldman Sachs Group by 23.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 152 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on GS. Vertical Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Bank of America upped their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Vetr lowered Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price for the company. in a report on Wednesday, February 14th. Barclays upped their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $256.75.
In other Goldman Sachs Group news, Director David A. Viniar sold 17,500 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total transaction of $4,395,825.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider R. Martin Chavez sold 11,829 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $259.22, for a total value of $3,066,313.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,117 shares of company stock worth $22,141,755. Company insiders own 2.57% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE:GS) traded down $0.49 during midday trading on Tuesday, reaching $267.13. The company’s stock had a trading volume of 251,637 shares, compared to its average volume of 3,935,439. Goldman Sachs Group Inc has a 1-year low of $209.62 and a 1-year high of $273.79. The company has a market capitalization of $100,430.00, a price-to-earnings ratio of 13.43, a price-to-earnings-growth 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 announced its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the 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 business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.64 billion. During the same period in the prior year, the company earned $5.08 earnings per share. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. equities research 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. Shareholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.12%. Goldman Sachs Group’s dividend payout ratio is currently 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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