Intrust Bank NA lowered its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 18.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,481 shares of the investment management company’s stock after selling 345 shares during the quarter. Intrust Bank NA’s holdings in Goldman Sachs Group were worth $351,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. King Wealth Management Group LLC acquired a new position in Goldman Sachs Group during the first quarter valued at approximately $867,000. Cheviot Value Management LLC bought a new position in Goldman Sachs Group in the first quarter valued at approximately $203,000. Stephens Inc. AR lifted its stake in Goldman Sachs Group by 229.6% in the first quarter. Stephens Inc. AR now owns 9,777 shares of the investment management company’s stock valued at $2,246,000 after buying an additional 6,811 shares in the last quarter. FDO Partners LLC bought a new position in Goldman Sachs Group in the first quarter valued at approximately $856,000. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new position in Goldman Sachs Group in the first quarter valued at approximately $2,872,000. Hedge funds and other institutional investors own 74.01% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $236.07 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market cap of $89,000.81, a price-to-earnings ratio of 12.29, a PEG ratio of 1.20 and a beta of 1.48. Goldman Sachs Group Inc has a 1 year low of $209.60 and a 1 year high of $255.15.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.88 earnings per share. research analysts forecast that Goldman Sachs Group Inc will post 19.03 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.63%.
In other Goldman Sachs Group news, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Insiders have sold 122,470 shares of company stock worth $29,411,656 over the last ninety days. Insiders own 2.57% of the company’s stock.
A number of research analysts have weighed in on GS shares. BidaskClub raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Wells Fargo & Company started coverage on shares of Goldman Sachs Group in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price target on the stock. lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $223.80 to $250.00 in a research note on Friday, August 11th. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research note on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $245.06.
Goldman Sachs Group Company 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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