Kistler Tiffany Companies LLC trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,011 shares of the investment management company’s stock after selling 116 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Goldman Sachs Group were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in GS. Bank of New York Mellon Corp increased its holdings in Goldman Sachs Group by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,316,799 shares of the investment management company’s stock valued at $743,759,000 after buying an additional 53,563 shares during the period. Vident Investment Advisory LLC bought a new stake in Goldman Sachs Group in the 3rd quarter valued at $292,000. Brown Brothers Harriman & Co. increased its holdings in Goldman Sachs Group by 124.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,442 shares of the investment management company’s stock valued at $1,445,000 after buying an additional 3,578 shares during the period. Captrust Financial Advisors increased its holdings in Goldman Sachs Group by 105.7% in the 3rd quarter. Captrust Financial Advisors now owns 2,423 shares of the investment management company’s stock valued at $543,000 after buying an additional 1,245 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in Goldman Sachs Group by 184.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 11,338 shares of the investment management company’s stock valued at $2,543,000 after buying an additional 7,352 shares during the period. 70.11% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on GS. Morgan Stanley boosted their price target on shares of Goldman Sachs Group from $207.00 to $218.00 and gave the company an “equal weight” rating in a report on Tuesday. Wells Fargo & Co reduced their target price on shares of Goldman Sachs Group from $305.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 18th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. HSBC set a $202.00 target price on shares of Goldman Sachs Group and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, BMO Capital Markets restated a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, January 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $245.85.
Shares of NYSE:GS opened at $201.84 on Wednesday. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $262.25. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.92 and a current ratio of 0.86. The firm has a market capitalization of $73.32 billion, a PE ratio of 7.99, a PEG ratio of 1.29 and a beta of 1.22.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.35%. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the previous year, the company earned $6.95 EPS. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that Goldman Sachs Group Inc will post 22.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.40 annualized dividend and a yield of 1.68%. Goldman Sachs Group’s dividend payout ratio is 12.66%.
In related news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total transaction of $295,283.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.41% of the stock is owned by corporate insiders.
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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