First Mercantile Trust Co. Has $438,000 Stake in Goldman Sachs Group Inc (GS)

First Mercantile Trust Co. cut its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 11.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,720 shares of the investment management company’s stock after selling 215 shares during the period. First Mercantile Trust Co.’s holdings in Goldman Sachs Group were worth $438,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GS. Geller Family Office Services LLC boosted its holdings in Goldman Sachs Group by 0.3% in the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after buying an additional 3 shares during the last quarter. FTB Advisors Inc. boosted its holdings in Goldman Sachs Group by 0.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after buying an additional 5 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in Goldman Sachs Group by 0.4% in the 2nd quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock worth $383,000 after buying an additional 7 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Goldman Sachs Group by 1.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock worth $159,000 after buying an additional 13 shares during the last quarter. Finally, Keel Point LLC boosted its holdings in Goldman Sachs Group by 0.4% in the 2nd quarter. Keel Point LLC now owns 4,024 shares of the investment management company’s stock worth $893,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

Several brokerages have recently weighed in on GS. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 target price on the stock in a report on Thursday. Morgan Stanley boosted their target price on Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Wells Fargo & Co restated an “outperform” rating and set a $320.00 target price on shares of Goldman Sachs Group in a report on Thursday, January 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $260.00 target price on shares of Goldman Sachs Group in a report on Thursday, January 18th. Finally, Barclays restated an “equal weight” rating and set a $289.00 target price (down from $308.00) on shares of Goldman Sachs Group in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $256.75.

Shares of Goldman Sachs Group Inc (GS) opened at $249.30 on Friday. The company has a market cap of $94,036.46, a P/E ratio of 28.95, a PEG ratio of 0.90 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 Inc has a 12-month low of $209.62 and a 12-month high of $273.79.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.08 EPS. analysts forecast that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 34.84%.

In other Goldman Sachs Group news, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R. Martin Chavez sold 11,829 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total value of $3,066,313.38. The disclosure for this sale can be found here. In the last three months, insiders sold 170,243 shares of company stock worth $42,427,803. 2.57% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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