Csenge Advisory Group reduced its position in Goldman Sachs (NYSE:GS) by 98.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 906 shares of the investment management company’s stock after selling 61,790 shares during the period. Csenge Advisory Group’s holdings in Goldman Sachs were worth $231,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. CAPROCK Group Inc. lifted its stake in Goldman Sachs by 8.7% during the 4th quarter. CAPROCK Group Inc. now owns 2,551 shares of the investment management company’s stock valued at $656,000 after acquiring an additional 205 shares in the last quarter. Alpha Windward LLC lifted its stake in Goldman Sachs by 24.2% during the 4th quarter. Alpha Windward LLC now owns 1,062 shares of the investment management company’s stock valued at $271,000 after acquiring an additional 207 shares in the last quarter. Segment Wealth Management LLC lifted its stake in Goldman Sachs by 1.1% during the 4th quarter. Segment Wealth Management LLC now owns 19,279 shares of the investment management company’s stock valued at $4,912,000 after acquiring an additional 210 shares in the last quarter. Doyle Wealth Management lifted its stake in Goldman Sachs by 0.5% during the 4th quarter. Doyle Wealth Management now owns 46,078 shares of the investment management company’s stock valued at $11,739,000 after acquiring an additional 211 shares in the last quarter. Finally, Quadrant Capital Management LLC lifted its stake in Goldman Sachs by 1.7% during the 4th quarter. Quadrant Capital Management LLC now owns 12,807 shares of the investment management company’s stock valued at $3,263,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.
In related news, EVP John F.W. Rogers sold 4,400 shares of Goldman Sachs stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $265.37, for a total value of $1,167,628.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 17,500 shares of Goldman Sachs stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The disclosure for this sale can be found here. In the last three months, insiders sold 83,548 shares of company stock valued at $22,064,172. 2.57% of the stock is currently owned by insiders.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Goldman Sachs from a “hold” rating to a “buy” rating and set a $294.00 price objective on the stock in a research note on Tuesday. Wells Fargo restated an “outperform” rating and set a $320.00 price objective on shares of Goldman Sachs in a research note on Thursday, January 25th. Vetr upgraded Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 price objective on the stock in a research note on Thursday, February 8th. Morgan Stanley raised their price objective on Goldman Sachs from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Thursday, March 15th. Finally, BMO Capital Markets dropped their price objective on Goldman Sachs to $221.00 and set a “market perform” rating on the stock in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $258.33.
Shares of GS stock opened at $263.19 on Wednesday. Goldman Sachs has a twelve month low of $209.62 and a twelve month high of $275.31. The firm has a market capitalization of $101,657.77, a PE ratio of 30.57, a P/E/G ratio of 0.96 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 3.09.
Goldman Sachs (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, topping the consensus estimate of $4.90 by $0.78. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the firm posted $5.08 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. analysts forecast that Goldman Sachs will post 21.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs’s dividend payout ratio (DPR) is currently 34.84%.
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Goldman Sachs Company 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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