Royal London Asset Management Ltd. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,140 shares of the investment management company’s stock after selling 6,894 shares during the period. Royal London Asset Management Ltd. owned 0.06% of The Goldman Sachs Group worth $58,680,000 at the end of the most recent reporting period.
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Several other hedge funds have also recently bought and sold shares of GS. Centerpoint Advisors LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $26,000. NewSquare Capital LLC bought a new stake in The Goldman Sachs Group in the third quarter valued at about $29,000. Paragon Wealth Strategies LLC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at $31,000. SJS Investment Consulting Inc. acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $32,000. Finally, IAG Wealth Partners LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $33,000. 69.09% of the stock is owned by hedge funds and other institutional investors.
The Goldman Sachs Group Trading Down 0.4 %
Shares of GS traded down $1.33 during trading hours on Friday, hitting $368.87. The company had a trading volume of 735,487 shares, compared to its average volume of 2,979,342. The company has a quick ratio of 0.84, a current ratio of 1.18 and a debt-to-equity ratio of 2.11. The Goldman Sachs Group, Inc. has a 52-week low of $277.84 and a 52-week high of $389.58. The stock’s 50 day moving average price is $356.81 and its 200 day moving average price is $345.99. The firm has a market cap of $124.32 billion, a P/E ratio of 12.32 and a beta of 1.41.
The Goldman Sachs Group (NYSE:GS – Get Rating) last announced its earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing analysts’ consensus estimates of $5.25 by ($1.93). The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.30%. The company had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.91 billion. During the same period in the previous year, the firm posted $10.81 EPS. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 32.64 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, March 1st. The Goldman Sachs Group’s payout ratio is 33.27%.
Wall Street Analysts Forecast Growth
GS has been the topic of several recent research reports. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $390.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. BMO Capital Markets lowered their price objective on shares of The Goldman Sachs Group from $485.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, January 18th. Barclays boosted their target price on The Goldman Sachs Group from $410.00 to $495.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Oppenheimer raised their target price on shares of The Goldman Sachs Group from $441.00 to $463.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Finally, Odeon Capital Group upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $370.14 price objective on the stock in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $396.60.
Insider Buying and Selling
In other The Goldman Sachs Group news, COO John E. Waldron sold 6,740 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $383.66, for a total transaction of $2,585,868.40. Following the sale, the chief operating officer now directly owns 83,424 shares in the company, valued at approximately $32,006,451.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO John E. Waldron sold 6,740 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $383.66, for a total value of $2,585,868.40. Following the sale, the chief operating officer now owns 83,424 shares in the company, valued at $32,006,451.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 3,186,888 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $22.56, for a total transaction of $71,896,193.28. Following the sale, the insider now owns 24,826,071 shares of the company’s stock, valued at $560,076,161.76. The disclosure for this sale can be found here. Insiders sold a total of 4,243,506 shares of company stock worth $98,019,613 in the last three months. Insiders own 0.57% of the company’s stock.
The Goldman Sachs Group Profile
The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.
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