Suntrust Banks Inc. lessened its holdings in Goldman Sachs Group Inc (NYSE:GS) by 16.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 196,590 shares of the investment management company’s stock after selling 38,568 shares during the period. Suntrust Banks Inc.’s holdings in Goldman Sachs Group were worth $50,082,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Gs Investments Inc. purchased a new stake in shares of Goldman Sachs Group in the second quarter worth $111,000. Cerebellum GP LLC purchased a new stake in shares of Goldman Sachs Group in the fourth quarter worth $122,000. Westside Investment Management Inc. raised its position in shares of Goldman Sachs Group by 450.0% in the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after buying an additional 450 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in shares of Goldman Sachs Group in the third quarter worth $142,000. Finally, TLP Group LLC purchased a new stake in shares of Goldman Sachs Group in the second quarter worth $152,000. Institutional investors own 72.36% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE GS) traded down $0.49 during trading hours on Tuesday, hitting $267.13. The stock had a trading volume of 251,637 shares, compared to its average volume of 3,935,439. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $273.79. The company has a market capitalization of $100,430.00, a PE ratio of 13.43, a P/E/G 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 (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same period last year, the firm earned $5.08 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. research analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.12%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.03%.
GS has been the topic of a number of research analyst reports. Vetr cut Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price on the stock. in a research note on Wednesday, February 14th. Bank of America reissued a “buy” rating and issued a $300.00 target price (up previously from $249.30) on shares of Goldman Sachs Group in a research note on Monday, February 12th. Barclays reissued an “equal weight” rating and issued a $289.00 target price (down previously from $308.00) on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, BMO Capital Markets reduced their target price on Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $256.75.
In related news, insider R. Martin Chavez sold 11,829 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $268.73, for a total value of $3,178,807.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 17,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The disclosure for this sale can be found here. Insiders have sold 85,117 shares of company stock worth $22,141,755 over the last ninety days. Insiders own 2.57% of the company’s stock.
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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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