Constitution Capital LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 41.7% in the fourth quarter, Holdings Channel reports. The fund owned 850 shares of the investment management company’s stock after purchasing an additional 250 shares during the quarter. Constitution Capital LLC’s holdings in The Goldman Sachs Group were worth $487,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $26,000. Quest Partners LLC grew its position in The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC acquired a new position in The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. DT Investment Partners LLC raised its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the third quarter worth $34,000. 71.21% of the stock is currently owned by institutional investors.
The Goldman Sachs Group Stock Performance
Shares of The Goldman Sachs Group stock opened at $612.17 on Friday. The business’s 50 day moving average price is $585.87 and its 200 day moving average price is $528.13. The company has a market cap of $192.17 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.66 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $616.84.
The Goldman Sachs Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.96%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.
Analyst Ratings Changes
A number of brokerages recently issued reports on GS. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Oppenheimer reduced their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $589.19.
Check Out Our Latest Stock Report on The Goldman Sachs Group
Insider Transactions at The Goldman Sachs Group
In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock worth $12,656,179 in the last 90 days. Insiders own 0.57% of the company’s stock.
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.
Read More
- Five stocks we like better than The Goldman Sachs Group
- What Does Downgrade Mean in Investing?
- Market Volatility Ahead? These 3 ETFs Stand Out
- What Are the FAANG Stocks and Are They Good Investments?
- Bank Stocks Are on Fire; Here’s Where the Action Is Smoking Hot
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.