Goldman Sachs Group Inc (GS) Stake Lessened by InterOcean Capital LLC

InterOcean Capital LLC cut its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,761 shares of the investment management company’s stock after selling 17,175 shares during the period. Goldman Sachs Group makes up about 1.5% of InterOcean Capital LLC’s holdings, making the stock its 21st biggest position. InterOcean Capital LLC’s holdings in Goldman Sachs Group were worth $14,159,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Prio Wealth Limited Partnership grew its holdings in shares of 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 valued at $28,602,000 after buying an additional 4,344 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Goldman Sachs Group by 29.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock valued at $32,466,000 after buying an additional 45,206 shares in the last quarter. Morgan Stanley grew its holdings in shares of 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 valued at $730,458,000 after buying an additional 52,899 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of 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 valued at $1,317,725,000 after buying an additional 5,248 shares in the last quarter. Finally, Sowell Financial Services LLC grew its holdings in shares of 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 valued at $416,000 after buying an additional 294 shares in the last quarter. 68.92% of the stock is currently owned by institutional investors.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was 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 at this link. 1.71% of the stock is owned by insiders.

Shares of NYSE:GS opened at $198.67 on Wednesday. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $275.31. The stock has a market capitalization of $73.84 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 1.14 and a beta of 1.22. 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 (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same quarter in the previous year, the firm earned $5.68 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts predict that Goldman Sachs Group Inc will post 23.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.61%. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note on Monday. BMO Capital Markets restated a “hold” rating on shares of Goldman Sachs Group in a research note on Thursday, February 7th. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Morgan Stanley downgraded Goldman Sachs Group to a “sell” rating in a research note on Monday, February 4th. Finally, Societe Generale downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $255.54.

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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.

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

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