Global X Management Co. LLC increased its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,957 shares of the investment management company’s stock after purchasing an additional 342 shares during the quarter. Global X Management Co. LLC’s holdings in Goldman Sachs Group were worth $753,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of GS. Cerebellum GP LLC bought a new position in shares of Goldman Sachs Group during the 4th quarter worth approximately $122,000. Gs Investments Inc. bought a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Westside Investment Management Inc. grew its stake in shares of Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after acquiring an additional 450 shares in the last quarter. Howe & Rusling Inc. bought a new position in shares of Goldman Sachs Group during the 3rd quarter worth approximately $142,000. Finally, TLP Group LLC bought a new position in shares of Goldman Sachs Group during the 2nd quarter worth approximately $152,000. 72.36% of the stock is owned by institutional investors and hedge funds.
In other Goldman Sachs Group news, Director David A. Viniar sold 17,500 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total transaction of $4,395,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Insiders have sold a total of 85,117 shares of company stock valued at $22,141,755 in the last ninety days. Insiders own 2.57% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Vetr cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price target for the company. in a research note on Wednesday, February 14th. Bank of America reaffirmed a “buy” rating and set a $300.00 price target (up from $249.30) on shares of Goldman Sachs Group in a research note on Monday, February 12th. Morgan Stanley raised their price target on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $320.00 price target on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $260.00 price target on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $256.75.
Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $264.89 on Wednesday. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $273.79. The stock has a market capitalization of $100,946.66, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. 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 (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter last year, the firm posted $5.08 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. equities research analysts expect that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is 34.84%.
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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.
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