Sterling Investment Management Inc. grew its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,535 shares of the investment management company’s stock after acquiring an additional 2,809 shares during the period. Goldman Sachs Group accounts for approximately 2.4% of Sterling Investment Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Sterling Investment Management Inc.’s holdings in Goldman Sachs Group were worth $2,929,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Prio Wealth Limited Partnership lifted its position in Goldman Sachs Group by 3.5% in the 3rd quarter. Prio Wealth Limited Partnership now owns 127,554 shares of the investment management company’s stock valued at $28,602,000 after acquiring an additional 4,344 shares in the last quarter. Morgan Stanley lifted its position in Goldman Sachs Group by 1.7% in the 3rd quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock valued at $730,458,000 after acquiring an additional 52,899 shares in the last quarter. Virtu Financial LLC lifted its position in Goldman Sachs Group by 72.0% in the 3rd quarter. Virtu Financial LLC now owns 12,537 shares of the investment management company’s stock valued at $1,317,725,000 after acquiring an additional 5,248 shares in the last quarter. Sowell Financial Services LLC increased its stake in Goldman Sachs Group by 18.8% in the 3rd quarter. Sowell Financial Services LLC now owns 1,855 shares of the investment management company’s stock valued at $416,000 after buying an additional 294 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in Goldman Sachs Group by 11.2% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 10,600 shares of the investment management company’s stock valued at $2,377,000 after buying an additional 1,064 shares during the last quarter. 70.45% of the stock is currently owned by institutional investors.
In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.71% of the stock is currently owned by insiders.
Goldman Sachs Group stock traded down $1.40 during mid-day trading on Friday, hitting $191.67. The company’s stock had a trading volume of 2,757,126 shares, compared to its average volume of 3,953,620. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $71.30 billion, a PE ratio of 7.58, a P/E/G ratio of 1.11 and a beta of 1.22. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $275.31.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.15 by $0.89. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.35%. The firm had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.48 billion. During the same quarter in the previous year, the company earned $5.68 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts expect that Goldman Sachs Group Inc will post 23.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, February 27th. Goldman Sachs Group’s payout ratio is 12.66%.
Several equities research analysts have recently issued reports on the stock. Bank of America decreased their price target on shares of Goldman Sachs Group to $280.00 in a research note on Sunday, December 2nd. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $206.00 price target for the company in a research note on Friday, December 7th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a research note on Tuesday, October 16th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $250.00 price objective (up from $235.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 16th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $254.88.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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