Dumont & Blake Investment Advisors LLC Has $368,000 Position in Goldman Sachs Group Inc (GS)

Dumont & Blake Investment Advisors LLC reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 35.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,205 shares of the investment management company’s stock after selling 1,190 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Goldman Sachs Group were worth $368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Goldman Sachs Group by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 24,669,387 shares of the investment management company’s stock valued at $5,531,864,000 after purchasing an additional 307,849 shares during the last quarter. Vanguard Group Inc increased its position in shares of Goldman Sachs Group by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 24,669,387 shares of the investment management company’s stock valued at $5,531,864,000 after purchasing an additional 307,849 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Goldman Sachs Group by 17,481.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 16,546,702 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Goldman Sachs Group by 3.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,736,573 shares of the investment management company’s stock valued at $2,631,807,000 after purchasing an additional 360,264 shares during the last quarter. Finally, Capital International Investors increased its position in shares of Goldman Sachs Group by 2,110.7% during the 3rd quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock valued at $1,094,958,000 after purchasing an additional 4,662,095 shares during the last quarter. 68.92% of the stock is owned by institutional investors and hedge funds.

GS stock opened at $196.36 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 2.49. The firm has a market cap of $73.87 billion, a PE ratio of 7.77, a PEG ratio of 1.15 and a beta of 1.22. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $275.31.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share for the quarter, topping the consensus estimate of $5.15 by $0.89. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.48 billion. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.68 EPS. On average, equities analysts forecast that Goldman Sachs Group Inc will post 23.87 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.20 annualized dividend and a dividend yield of 1.63%. Goldman Sachs Group’s payout ratio is 12.66%.

Several brokerages have recently issued reports on GS. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. BMO Capital Markets reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research report on Thursday, February 7th. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. Finally, Morgan Stanley decreased their target price on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $255.54.

In other news, VP Gregory K. Palm sold 16,451 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

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About Goldman Sachs Group

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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