Global Endowment Management LP reduced its holdings in Goldman Sachs Group Inc (NYSE:GS) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,640 shares of the investment management company’s stock after selling 500 shares during the period. Global Endowment Management LP’s holdings in Goldman Sachs Group were worth $418,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Gs Investments Inc. acquired a new stake in Goldman Sachs Group in the second quarter worth $111,000. Cerebellum GP LLC acquired a new stake in Goldman Sachs Group in the fourth quarter worth $122,000. Westside Investment Management Inc. raised its holdings in Goldman Sachs Group by 450.0% in the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares during the period. Howe & Rusling Inc. acquired a new stake in Goldman Sachs Group in the third quarter worth $142,000. Finally, Quadrant Capital Group LLC raised its holdings in Goldman Sachs Group by 1.5% in the second quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock worth $159,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.
In other news, Vice Chairman Pablo J. Salame sold 10,000 shares of Goldman Sachs Group stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $270.42, for a total value of $2,704,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $271.65, for a total transaction of $5,773,105.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,148 shares of company stock valued at $20,896,544. 2.57% of the stock is owned by insiders.
Several equities research analysts have weighed in on GS shares. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a report on Tuesday, November 7th. Bank of America raised their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Vertical Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Barclays raised their price objective on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued 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 $257.06.
Goldman Sachs Group Inc (NYSE GS) opened at $266.77 on Friday. The firm has a market cap of $98,611.79, a price-to-earnings ratio of 30.98, a P/E/G ratio of 0.94 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. 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 released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.08 earnings per share. equities analysts forecast that Goldman Sachs Group Inc will post 21.56 EPS for the current 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 given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.84%.
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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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