Kistler Tiffany Companies LLC Lowers Position in Goldman Sachs Group Inc (GS)

Kistler Tiffany Companies LLC trimmed its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 10.3% in the first quarter, HoldingsChannel reports. The firm owned 1,011 shares of the investment management company’s stock after selling 116 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Goldman Sachs Group were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GS. Oregon Public Employees Retirement Fund increased its stake in Goldman Sachs Group by 17,481.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after purchasing an additional 16,546,702 shares in the last quarter. Norges Bank bought a new stake in Goldman Sachs Group during the 4th quarter worth approximately $474,398,000. Lakewood Capital Management LP bought a new stake in Goldman Sachs Group during the 4th quarter worth approximately $136,480,000. Jennison Associates LLC increased its stake in Goldman Sachs Group by 17.8% during the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after purchasing an additional 710,479 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Goldman Sachs Group by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock worth $715,573,000 after purchasing an additional 411,700 shares in the last quarter. 70.11% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of Goldman Sachs Group from $207.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Tuesday. BMO Capital Markets decreased their price target on shares of Goldman Sachs Group from $262.00 to $260.00 and set a “market perform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. set a $235.00 price target on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research note on Tuesday. Finally, Bank of America reaffirmed a “hold” rating and set a $212.00 price target on shares of Goldman Sachs Group in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $245.85.

NYSE GS opened at $201.84 on Wednesday. The company has a market capitalization of $73.32 billion, a PE ratio of 7.99, a P/E/G ratio of 1.29 and a beta of 1.22. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.86 and a quick ratio of 0.92. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $262.25.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating the consensus estimate of $4.74 by $0.97. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.89 billion. Goldman Sachs Group had a return on equity of 12.35% and a net margin of 25.13%. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.95 EPS. On average, sell-side analysts forecast that Goldman Sachs Group Inc will post 22.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, May 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio is presently 12.66%.

In other news, EVP Dane E. Holmes sold 1,489 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.41% of the company’s stock.

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Goldman Sachs Group 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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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