Capital Bank & Trust Co lowered its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 97.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,399 shares of the investment management company’s stock after selling 155,815 shares during the quarter. Capital Bank & Trust Co’s holdings in Goldman Sachs Group were worth $1,043,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Quadrant Wealth Management LLC bought a new stake in Goldman Sachs Group during the 2nd quarter valued at $407,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in Goldman Sachs Group during the 2nd quarter valued at $101,000. Sterling Investment Advisors Ltd. raised its position in Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Goldman Sachs Group during the 2nd quarter valued at $111,000. Finally, Gs Investments Inc. bought a new stake in Goldman Sachs Group during the 2nd quarter valued at $111,000. Institutional investors own 73.35% of the company’s stock.
In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock worth $32,435,160 over the last ninety days. 2.57% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the company. Vertical Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Citigroup reaffirmed a “neutral” rating and set a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Credit Suisse Group lowered Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a research report on Friday, October 6th. Finally, Bank of America lifted their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $246.10.
Goldman Sachs Group Inc (NYSE GS) opened at $257.17 on Friday. The company has a market capitalization of $96,367.44, a price-to-earnings ratio of 13.31, a PEG ratio of 1.30 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $260.50.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.88 EPS. research analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors 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 1.17%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.
Goldman Sachs Group 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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