Atwater Malick LLC boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,806 shares of the investment management company’s stock after buying an additional 771 shares during the period. Goldman Sachs Group makes up approximately 3.4% of Atwater Malick LLC’s portfolio, making the stock its 19th biggest position. Atwater Malick LLC’s holdings in Goldman Sachs Group were worth $4,324,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. grew its stake in Goldman Sachs Group by 979.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 313 shares of the investment management company’s stock valued at $64,000 after purchasing an additional 284 shares in the last quarter. Cetera Advisors LLC lifted its stake in Goldman Sachs Group by 30.6% in the second quarter. Cetera Advisors LLC now owns 3,058 shares of the investment management company’s stock valued at $622,000 after purchasing an additional 717 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Goldman Sachs Group by 13.2% in the second quarter. Cetera Advisor Networks LLC now owns 4,969 shares of the investment management company’s stock valued at $1,008,000 after purchasing an additional 579 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Goldman Sachs Group by 163.6% in the second quarter. Renaissance Technologies LLC now owns 380,500 shares of the investment management company’s stock valued at $77,850,000 after purchasing an additional 236,168 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Goldman Sachs Group by 87.5% in the second quarter. King Luther Capital Management Corp now owns 2,250 shares of the investment management company’s stock valued at $460,000 after purchasing an additional 1,050 shares during the last quarter. 69.53% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:GS traded up $2.86 during trading on Tuesday, hitting $236.81. 3,184,029 shares of the company were exchanged, compared to its average volume of 2,001,803. The company has a market cap of $82.00 billion, a PE ratio of 9.37, a P/E/G ratio of 1.23 and a beta of 1.37. The stock has a 50 day moving average of $225.33 and a 200 day moving average of $212.93. Goldman Sachs Group Inc has a 52-week low of $172.27 and a 52-week high of $234.64. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.78.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $4.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.03 by ($0.24). Goldman Sachs Group had a return on equity of 11.41% and a net margin of 18.86%. The company had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.33 billion. During the same quarter in the prior year, the company earned $6.28 EPS. The company’s revenue was down 3.8% on a year-over-year basis. Sell-side analysts forecast that Goldman Sachs Group Inc will post 21.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 2nd were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.11%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 19.79%.
Several equities analysts recently commented on GS shares. Oppenheimer dropped their price objective on Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Goldman Sachs Group in a research note on Monday, November 18th. Barclays restated a “hold” rating and set a $267.00 target price on shares of Goldman Sachs Group in a research report on Tuesday. Citigroup upgraded Goldman Sachs Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $220.00 to $255.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada set a $220.00 target price on Goldman Sachs Group and gave the stock a “neutral” rating in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $250.00.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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.
Further Reading: Neutral Rating
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