Fulton Bank N.A. Has $1.48 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Fulton Bank N.A. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,521 shares of the investment management company’s stock after selling 483 shares during the quarter. Fulton Bank N.A.’s holdings in The Goldman Sachs Group were worth $1,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of The Goldman Sachs Group by 0.6% in the 4th quarter. BlackRock Inc. now owns 21,081,144 shares of the investment management company’s stock valued at $5,559,314,000 after purchasing an additional 132,529 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of The Goldman Sachs Group by 61.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,440,527 shares of the investment management company’s stock worth $3,544,390,000 after acquiring an additional 5,115,450 shares during the last quarter. Alliancebernstein L.P. boosted its position in The Goldman Sachs Group by 3.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,580,079 shares of the investment management company’s stock valued at $944,103,000 after purchasing an additional 110,499 shares during the last quarter. Greenhaven Associates Inc. grew its stake in The Goldman Sachs Group by 3.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,064,188 shares of the investment management company’s stock valued at $808,057,000 after purchasing an additional 90,008 shares in the last quarter. Finally, Morgan Stanley increased its position in The Goldman Sachs Group by 31.7% in the 4th quarter. Morgan Stanley now owns 2,482,492 shares of the investment management company’s stock worth $654,660,000 after purchasing an additional 597,444 shares during the last quarter. Institutional investors own 68.05% of the company’s stock.

Several equities research analysts recently commented on the company. BMO Capital Markets boosted their price target on The Goldman Sachs Group from $307.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, January 20th. Daiwa Capital Markets started coverage on shares of The Goldman Sachs Group in a research report on Wednesday, January 6th. They issued an “outperform” rating and a $300.00 target price for the company. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $288.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, January 20th. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $285.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, January 12th. Finally, DA Davidson boosted their price target on The Goldman Sachs Group from $279.00 to $321.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $314.64.

In related news, insider Laurence Stein sold 10,748 shares of the firm’s stock in a transaction that occurred on Tuesday, February 2nd. The shares were sold at an average price of $277.93, for a total value of $2,987,191.64. Also, CFO Stephen M. Scherr sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $312.61, for a total transaction of $6,252,200.00. Over the last ninety days, insiders sold 40,748 shares of company stock valued at $12,371,892. Insiders own 0.60% of the company’s stock.

Shares of NYSE:GS traded down $2.90 during trading on Thursday, reaching $323.65. The stock had a trading volume of 9,501 shares, compared to its average volume of 3,223,186. The stock has a market capitalization of $111.92 billion, a PE ratio of 13.76, a P/E/G ratio of 0.65 and a beta of 1.50. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.73 and a quick ratio of 0.73. The Goldman Sachs Group, Inc. has a 52 week low of $165.36 and a 52 week high of $356.85. The business’s 50-day moving average price is $330.16 and its 200 day moving average price is $263.63.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, January 18th. The investment management company reported $12.08 EPS for the quarter, topping analysts’ consensus estimates of $7.47 by $4.61. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The company had revenue of $11.74 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same quarter in the previous year, the firm earned $4.69 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group, Inc. will post 26.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 30th. Shareholders of record on Tuesday, March 2nd were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, March 1st. The Goldman Sachs Group’s payout ratio is presently 23.78%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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