Synovus Financial Corp lessened its position in Goldman Sachs Group Inc (NYSE:GS) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,793 shares of the investment management company’s stock after selling 589 shares during the period. Synovus Financial Corp’s holdings in Goldman Sachs Group were worth $3,259,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Goldman Sachs Group in the fourth quarter valued at approximately $122,000. Gs Investments Inc. acquired a new position in shares of Goldman Sachs Group in the second quarter valued at approximately $111,000. Westside Investment Management Inc. raised its position in shares of Goldman Sachs Group by 450.0% in the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after buying an additional 450 shares during the last quarter. Howe & Rusling Inc. acquired a new position in shares of Goldman Sachs Group in the third quarter valued at approximately $142,000. Finally, TLP Group LLC acquired a new position in shares of Goldman Sachs Group in the second quarter valued at approximately $152,000. 72.36% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on GS. Wells Fargo & Co reissued an “outperform” rating and issued a $320.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price target for the company in a research report on Thursday, February 8th. BMO Capital Markets dropped their price target on shares of Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research report on Thursday, January 18th. Vertical Group lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $260.00 price target on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $256.75.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the previous year, the firm earned $5.08 earnings per share. Goldman Sachs Group’s revenue for the quarter was down 4.2% on a year-over-year basis. sell-side analysts predict that Goldman Sachs Group Inc will post 21.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a yield of 1.12%. Goldman Sachs Group’s dividend payout ratio is currently 15.03%.
In other news, insider David M. Solomon sold 21,252 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,117 shares of company stock valued at $22,141,755. 2.57% of the stock is owned by insiders.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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