Meitav Investment House Ltd. decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,281 shares of the investment management company's stock after selling 1,636 shares during the quarter. Meitav Investment House Ltd.'s holdings in The Goldman Sachs Group were worth $5,889,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GS. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. DT Investment Partners LLC grew its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of The Goldman Sachs Group during the third quarter worth $38,000. Institutional investors own 71.21% of the company's stock.
The Goldman Sachs Group Price Performance
Shares of NYSE GS traded down $16.56 during trading on Friday, hitting $625.70. The company had a trading volume of 2,327,999 shares, compared to its average volume of 2,526,130. The firm has a market capitalization of $195.24 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. The stock has a fifty day simple moving average of $610.78 and a two-hundred day simple moving average of $556.55. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same period in the previous year, the firm posted $5.48 EPS. The Goldman Sachs Group's revenue was up 22.5% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Oppenheimer cut their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th. Finally, Hsbc Global Res downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $593.56.
Read Our Latest Stock Report on GS
Insider Transactions at The Goldman Sachs Group
In related news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,475 shares of company stock valued at $19,692,543. Corporate insiders own 0.54% of the company's stock.
About The Goldman Sachs Group
(
Free Report)
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.
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