13,920 Shares in Goldman Sachs Group, Inc. (The) (GS) Acquired by Davis Rea Ltd.

Davis Rea Ltd. acquired a new position in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,920 shares of the investment management company’s stock, valued at approximately $3,089,000. Goldman Sachs Group, Inc. (The) comprises approximately 2.0% of Davis Rea Ltd.’s portfolio, making the stock its 21st largest position.

Several other institutional investors also recently made changes to their positions in GS. WealthTrust Arizona LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after buying an additional 231 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Goldman Sachs Group, Inc. (The) during the second quarter worth $111,000. Parallel Advisors LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 10.7% during the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after buying an additional 54 shares in the last quarter. Security Asset Management acquired a new stake in Goldman Sachs Group, Inc. (The) during the second quarter worth $128,000. Finally, Carroll Financial Associates Inc. boosted its stake in Goldman Sachs Group, Inc. (The) by 4.1% during the second quarter. Carroll Financial Associates Inc. now owns 586 shares of the investment management company’s stock worth $130,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the transaction, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 over the last quarter. Corporate insiders own 2.57% of the company’s stock.

TRADEMARK VIOLATION WARNING: “13,920 Shares in Goldman Sachs Group, Inc. (The) (GS) Acquired by Davis Rea Ltd.” was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://transcriptdaily.com/2017/09/17/13920-shares-in-goldman-sachs-group-inc-the-gs-acquired-by-davis-rea-ltd.html.

GS has been the topic of a number of recent research reports. J P Morgan Chase & Co reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, May 23rd. Vetr upgraded shares of Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “sell” rating and set a $189.07 price target on the stock in a research note on Wednesday, May 31st. Zacks Investment Research downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Instinet reiterated a “neutral” rating and set a $205.00 price target (down previously from $214.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $235.44.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 225.22 on Friday. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The firm has a market capitalization of $87.43 billion, a price-to-earnings ratio of 11.81 and a beta of 1.42. The company has a 50-day moving average price of $224.17 and a 200-day moving average price of $226.39.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $3.72 earnings per share. Equities analysts forecast that Goldman Sachs Group, Inc. will post $18.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 annualized dividend and a yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.

About Goldman Sachs Group, Inc. (The)

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.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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

Leave a Reply