Edmond DE Rothschild Holding S.A. Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Edmond DE Rothschild Holding S.A. cut its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,644 shares of the investment management company’s stock after selling 591 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in The Goldman Sachs Group were worth $1,406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GS. First United Bank & Trust purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $26,000. Truvestments Capital LLC grew its holdings in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. BKM Wealth Management LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth $32,000. Signature Resources Capital Management LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $42,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GS has been the topic of several recent analyst reports. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $440.57.

View Our Latest Stock Report on GS

The Goldman Sachs Group Stock Down 0.8 %

Shares of The Goldman Sachs Group stock traded down $3.81 during trading on Wednesday, reaching $456.00. The company had a trading volume of 370,145 shares, compared to its average volume of 2,323,221. The company has a market cap of $147.04 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 0.93 and a beta of 1.40. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $471.48. The firm’s fifty day moving average is $428.12 and its 200-day moving average is $393.07. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the prior year, the firm earned $8.79 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.

Further Reading

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

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