Flinton Capital Management LLC lessened its holdings in Goldman Sachs (NYSE:GS) by 26.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,414 shares of the investment management company’s stock after selling 13,124 shares during the quarter. Flinton Capital Management LLC’s holdings in Goldman Sachs were worth $9,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently bought and sold shares of GS. Personal Capital Advisors Corp grew its stake in shares of Goldman Sachs by 6.7% during the 3rd quarter. Personal Capital Advisors Corp now owns 106,843 shares of the investment management company’s stock worth $25,342,000 after acquiring an additional 6,752 shares during the period. Mizuho Securities USA LLC bought a new position in shares of Goldman Sachs during the 3rd quarter worth $3,631,000. Nippon Life Insurance Co. grew its stake in shares of Goldman Sachs by 1.8% during the 3rd quarter. Nippon Life Insurance Co. now owns 12,385 shares of the investment management company’s stock worth $2,938,000 after acquiring an additional 217 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Goldman Sachs by 0.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 62,516 shares of the investment management company’s stock worth $14,828,000 after acquiring an additional 536 shares during the period. Finally, Longer Investments Inc. bought a new position in shares of Goldman Sachs during the 3rd quarter worth $2,639,000. Institutional investors own 73.15% of the company’s stock.
Shares of GS stock opened at $263.19 on Wednesday. Goldman Sachs has a 1-year low of $209.62 and a 1-year high of $275.31. The firm has a market capitalization of $99,731.73, a PE ratio of 30.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 3.09.
Goldman Sachs (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs had a return on equity of 11.66% 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 quarter last year, the firm posted $5.08 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. equities research analysts forecast that Goldman Sachs will post 21.64 earnings per share for the current 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 $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.14%. Goldman Sachs’s payout ratio is currently 34.84%.
Several research firms have recently weighed in on GS. JPMorgan Chase & Co. reiterated a “buy” rating and set a $280.00 price target on shares of Goldman Sachs in a research note on Thursday, March 15th. Zacks Investment Research raised Goldman Sachs from a “hold” rating to a “buy” rating and set a $294.00 price objective on the stock in a report on Tuesday. Morgan Stanley increased their price objective on Goldman Sachs from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Thursday, March 15th. Barclays reissued an “equal weight” rating and set a $289.00 price objective (down previously from $308.00) on shares of Goldman Sachs in a report on Thursday, January 18th. Finally, BMO Capital Markets dropped their price objective on Goldman Sachs to $221.00 and set a “market perform” rating on the stock in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs currently has an average rating of “Hold” and a consensus target price of $258.33.
In other news, insider R. Martin Chavez sold 11,829 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $268.73, for a total transaction of $3,178,807.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 4,400 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,548 shares of company stock worth $22,064,172. Insiders own 2.57% of the company’s stock.
Goldman Sachs 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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