Diversified Trust Co trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 24.5% in the 4th quarter, HoldingsChannel reports. The fund owned 8,266 shares of the investment management company’s stock after selling 2,677 shares during the quarter. Diversified Trust Co’s holdings in The Goldman Sachs Group were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Trust Co. increased its holdings in The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Truvestments Capital LLC grew its holdings in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at approximately $33,000. First Capital Advisors Group LLC. purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $34,000. Finally, PCA Investment Advisory Services Inc. purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $34,000. 69.06% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the sale, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,907 shares of company stock worth $15,080,021. 0.54% of the stock is owned by corporate insiders.
The Goldman Sachs Group Stock Down 0.4 %
The Goldman Sachs Group stock opened at $387.21 on Friday. The stock has a market capitalization of $126.06 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $397.49. The business has a 50 day simple moving average of $385.20 and a 200-day simple moving average of $353.25. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.32 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 32.79 EPS for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is 48.20%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on GS shares. UBS Group increased their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $410.00 to $430.00 in a research report on Thursday. BMO Capital Markets increased their target price on The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. Finally, Barclays increased their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $410.22.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.
Further Reading
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
Receive News & Ratings for The Goldman Sachs Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Goldman Sachs Group and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
