Goldman Sachs Group Inc (GS) Shares Sold by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. reduced its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 14.3% during the 4th quarter, HoldingsChannel reports. The fund owned 3,645 shares of the investment management company’s stock after selling 606 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Goldman Sachs Group were worth $929,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in Goldman Sachs Group by 9.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after acquiring an additional 7,736 shares in the last quarter. Commonwealth Bank of Australia grew its position in Goldman Sachs Group by 5.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after purchasing an additional 4,390 shares during the last quarter. Quantbot Technologies LP grew its position in Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after purchasing an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL grew its position in Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after purchasing an additional 4,714 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its position in Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Several research analysts have issued reports on GS shares. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Vertical Group downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Royal Bank of Canada reissued a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, November 20th. Finally, Bank of America raised their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $256.75.

In related news, Director David A. Viniar sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.02, for a total transaction of $5,950,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David M. Solomon sold 21,252 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $271.65, for a total transaction of $5,773,105.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,843 shares of company stock worth $41,855,427. 2.57% of the stock is owned by insiders.

Shares of Goldman Sachs Group Inc (NYSE GS) opened at $267.62 on Monday. The firm has a market cap of $100,946.66, a PE ratio of 13.52, a PEG ratio of 0.96 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $273.79.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates 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 Group had a net margin of 13.36% and a return on equity of 11.47%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.08 earnings per share. sell-side analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is currently 34.84%.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://ledgergazette.com/2018/02/19/goldman-sachs-group-inc-gs-shares-sold-by-honkamp-krueger-financial-services-inc.html.

About Goldman Sachs Group

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).

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

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply