Bremer Trust National Association lessened its position in Goldman Sachs Group Inc (NYSE:GS) by 21.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,414 shares of the investment management company’s stock after selling 2,343 shares during the quarter. Bremer Trust National Association’s holdings in Goldman Sachs Group were worth $2,143,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Northwest Quadrant Wealth Management LLC purchased a new stake in Goldman Sachs Group during the 2nd quarter worth about $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Goldman Sachs Group during the 2nd quarter worth about $101,000. Sterling Investment Advisors Ltd. increased its holdings in Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Goldman Sachs Group during the 2nd quarter worth about $111,000. Finally, Gs Investments Inc. purchased a new stake in Goldman Sachs Group during the 2nd quarter worth about $111,000. Hedge funds and other institutional investors own 73.27% of the company’s stock.
In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 5,718 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,366,544.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,177 shares of company stock valued at $32,435,160. Insiders own 2.57% of the company’s stock.
Shares of Goldman Sachs Group Inc (GS) traded up $1.90 during midday trading on Friday, hitting $257.03. The company had a trading volume of 2,848,854 shares, compared to its average volume of 2,688,889. The firm has a market cap of $96,950.00, a PE ratio of 13.35, a PEG ratio of 1.02 and a beta of 1.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $262.14.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. The firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.88 EPS. research analysts forecast that Goldman Sachs Group Inc will post 19.02 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were given a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.58%.
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a report on Thursday, October 19th. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. JPMorgan Chase & Co. set a $260.00 price target on Goldman Sachs Group and gave the stock a “buy” rating in a report on Friday, September 15th. BMO Capital Markets restated a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a report on Friday, October 6th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $295.00 price objective (up from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $251.90.
Goldman Sachs Group 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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