Texas Yale Capital Corp. trimmed its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 50.3% during the 2nd quarter, Holdings Channel reports. The firm owned 20,219 shares of the investment management company’s stock after selling 20,449 shares during the period. Texas Yale Capital Corp.’s holdings in Goldman Sachs Group were worth $4,137,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. WoodTrust Financial Corp bought a new stake in shares of Goldman Sachs Group during the 1st quarter valued at $1,920,000. Roundview Capital LLC raised its position in shares of Goldman Sachs Group by 23.3% during the 1st quarter. Roundview Capital LLC now owns 9,819 shares of the investment management company’s stock valued at $1,885,000 after purchasing an additional 1,853 shares during the period. McGuire Investment Group LLC raised its position in shares of Goldman Sachs Group by 4.4% during the 1st quarter. McGuire Investment Group LLC now owns 10,265 shares of the investment management company’s stock valued at $1,971,000 after purchasing an additional 434 shares during the period. Foundry Partners LLC raised its position in shares of Goldman Sachs Group by 0.5% during the 1st quarter. Foundry Partners LLC now owns 98,638 shares of the investment management company’s stock valued at $18,938,000 after purchasing an additional 495 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Goldman Sachs Group by 34.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,386 shares of the investment management company’s stock valued at $266,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 68.49% of the company’s stock.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 3,165 shares of Goldman Sachs Group stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $212.15, for a total value of $671,454.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.41% of the company’s stock.
GS has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research note on Wednesday, July 17th. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 target price for the company in a research note on Tuesday, June 25th. Keefe, Bruyette & Woods raised shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $225.00 to $260.00 in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $220.00 target price on shares of Goldman Sachs Group in a research note on Tuesday, July 16th. Finally, Bank of America reaffirmed a “hold” rating and set a $212.00 target price on shares of Goldman Sachs Group in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $240.92.
GS traded down $2.23 during trading on Friday, hitting $209.37. 2,502,986 shares of the company traded hands, compared to its average volume of 2,500,058. The company has a market cap of $77.41 billion, a P/E ratio of 8.29, a PEG ratio of 0.77 and a beta of 1.32. The stock has a 50-day moving average price of $207.55. Goldman Sachs Group Inc has a 1 year low of $151.70 and a 1 year high of $245.08. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.86 and a current ratio of 0.85.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $1.08. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 11.99%. The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same period last year, the company posted $5.98 EPS. The business’s revenue was up .6% on a year-over-year basis. Analysts anticipate that Goldman Sachs Group Inc will post 22.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $1.25 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 13.45%.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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