Ayalon Holdings Ltd. Takes Position in Goldman Sachs Group Inc (GS)

Ayalon Holdings Ltd. acquired a new stake in Goldman Sachs Group Inc (NYSE:GS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 305 shares of the investment management company’s stock, valued at approximately $51,000.

Other hedge funds have also added to or reduced their stakes in the company. Prio Wealth Limited Partnership boosted its holdings in Goldman Sachs Group by 3.5% during the third quarter. Prio Wealth Limited Partnership now owns 127,554 shares of the investment management company’s stock worth $28,602,000 after buying an additional 4,344 shares in the last quarter. Morgan Stanley boosted its holdings in Goldman Sachs Group by 1.7% during the third quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock worth $730,458,000 after buying an additional 52,899 shares in the last quarter. Virtu Financial LLC boosted its holdings in Goldman Sachs Group by 72.0% during the third quarter. Virtu Financial LLC now owns 12,537 shares of the investment management company’s stock worth $1,317,725,000 after buying an additional 5,248 shares in the last quarter. Sowell Financial Services LLC boosted its holdings in Goldman Sachs Group by 18.8% during the third quarter. Sowell Financial Services LLC now owns 1,855 shares of the investment management company’s stock worth $416,000 after buying an additional 294 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its holdings in Goldman Sachs Group by 11.2% during the third quarter. Farmers & Merchants Investments Inc. now owns 10,600 shares of the investment management company’s stock worth $2,377,000 after buying an additional 1,064 shares in the last quarter. 70.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Gregory K. Palm sold 16,451 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is owned by corporate insiders.

Several research firms have issued reports on GS. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Oppenheimer increased their price objective on shares of Goldman Sachs Group from $257.00 to $272.00 and gave the company an “outperform” rating in a report on Thursday, January 17th. Wells Fargo & Co reaffirmed a “buy” rating and set a $250.00 price objective (up from $235.00) on shares of Goldman Sachs Group in a report on Wednesday, January 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $10.00 price objective on shares of Goldman Sachs Group in a report on Monday. Finally, Morgan Stanley decreased their price objective on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $235.88.

Shares of NYSE GS opened at $202.54 on Tuesday. The stock has a market capitalization of $75.34 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 2.49. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $275.31.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, beating the Zacks’ consensus estimate of $5.15 by $0.89. The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.35%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.68 earnings per share. As a group, equities research analysts predict that Goldman Sachs Group Inc will post 23.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders 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 1.58%. The ex-dividend date is Wednesday, February 27th. Goldman Sachs Group’s dividend payout ratio (DPR) is 12.66%.

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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.

Read More: How Important is Technical Analysis of Stocks

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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