Meadow Creek Investment Management LLC reduced its position in shares of Goldman Sachs (NYSE:GS) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,136 shares of the investment management company’s stock after selling 6,176 shares during the period. Meadow Creek Investment Management LLC’s holdings in Goldman Sachs were worth $4,365,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Icon Wealth Partners LLC acquired a new position in Goldman Sachs in the 4th quarter valued at $113,000. Cerebellum GP LLC acquired a new position in Goldman Sachs in the 4th quarter valued at $122,000. Prime Capital Investment Advisors LLC acquired a new position in Goldman Sachs in the 4th quarter valued at $127,000. Westside Investment Management Inc. raised its holdings in Goldman Sachs by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after acquiring an additional 450 shares in the last quarter. Finally, Halbert Hargrove Russell LLC acquired a new position in Goldman Sachs in the 3rd quarter valued at $200,000. 73.18% of the stock is owned by institutional investors and hedge funds.
In other news, insider R. Martin Chavez sold 11,829 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $268.73, for a total value of $3,178,807.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Viniar sold 17,500 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were 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. Insiders sold a total of 83,548 shares of company stock worth $22,064,172 over the last three months. 2.57% of the stock is owned by company insiders.
GS traded down $5.84 during midday trading on Friday, hitting $249.97. 3,621,939 shares of the company were exchanged, compared to its average volume of 2,834,702. The company has a market capitalization of $97,178.89, a PE ratio of 12.65, a PEG ratio of 0.91 and a beta of 1.37. Goldman Sachs has a 1-year low of $209.62 and a 1-year high of $275.31. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 3.09.
Goldman Sachs (NYSE:GS) last announced 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. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.08 EPS. equities research analysts predict that Goldman Sachs will post 21.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Wednesday, February 28th. Goldman Sachs’s dividend payout ratio is 15.18%.
Several equities analysts have weighed in on GS shares. Vertical Group raised Goldman Sachs from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Zacks Investment Research upgraded Goldman Sachs from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research note on Tuesday, December 19th. Wells Fargo reiterated an “outperform” rating and issued a $295.00 price target (up previously from $265.00) on shares of Goldman Sachs in a research note on Wednesday, December 20th. Barclays lifted their price target on Goldman Sachs from $262.00 to $308.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Instinet reiterated an “outperform” rating and issued a $225.00 price target (down previously from $238.00) on shares of Goldman Sachs in a research note on Thursday, January 4th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $258.79.
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Goldman Sachs Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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