Goldman Sachs Group Inc. (GS) Shares Sold by Smithfield Trust Co.

Smithfield Trust Co. decreased its position in shares of Goldman Sachs Group Inc. (NYSE:GS) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,482 shares of the investment management company’s stock after selling 300 shares during the period. Smithfield Trust Co.’s holdings in Goldman Sachs Group were worth $369,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GS. Grand Jean Capital Management Inc. boosted its position in shares of Goldman Sachs Group by 7.4% in the first quarter. Grand Jean Capital Management Inc. now owns 57,611 shares of the investment management company’s stock valued at $9,044,000 after buying an additional 3,972 shares during the period. International Value Advisers LLC boosted its position in shares of Goldman Sachs Group by 43.8% in the first quarter. International Value Advisers LLC now owns 568,314 shares of the investment management company’s stock valued at $89,214,000 after buying an additional 173,196 shares during the period. Arete Wealth Advisors LLC boosted its position in shares of Goldman Sachs Group by 27.2% in the first quarter. Arete Wealth Advisors LLC now owns 19,168 shares of the investment management company’s stock valued at $3,009,000 after buying an additional 4,094 shares during the period. Geode Capital Management LLC boosted its position in shares of Goldman Sachs Group by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,387,353 shares of the investment management company’s stock valued at $530,737,000 after buying an additional 43,007 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of Goldman Sachs Group by 9.3% in the first quarter. Loomis Sayles & Co. L P now owns 290,902 shares of the investment management company’s stock valued at $45,666,000 after buying an additional 24,770 shares during the period. 71.33% of the stock is currently owned by hedge funds and other institutional investors.

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

Goldman Sachs Group Inc. (NYSE:GS) traded down 1.086% on Monday, reaching $168.669. 1,515,040 shares of the company’s stock traded hands. The stock has a market capitalization of $71.92 billion, a price-to-earnings ratio of 15.989 and a beta of 1.61. Goldman Sachs Group Inc. has a 52 week low of $138.20 and a 52 week high of $199.90. The firm has a 50-day moving average price of $166.91 and a 200-day moving average price of $159.81.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 19th. The investment management company reported $3.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.72. The business earned $7.93 billion during the quarter, compared to the consensus estimate of $7.58 billion. Goldman Sachs Group had a return on equity of 8.83% and a net margin of 18.12%. During the same period in the prior year, the company posted $1.98 EPS. On average, analysts predict that Goldman Sachs Group Inc. will post $14.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Tuesday, August 30th. Goldman Sachs Group’s payout ratio is 24.60%.

Several brokerages have recently weighed in on GS. Barclays PLC reiterated an “equal weight” rating and issued a $210.00 price objective on shares of Goldman Sachs Group in a research note on Tuesday, October 11th. Citigroup Inc. raised their target price on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, October 10th. Vetr upgraded shares of Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 target price on the stock in a research note on Thursday, September 29th. Nomura restated a “buy” rating and set a $197.00 target price on shares of Goldman Sachs Group in a research note on Thursday, September 29th. Finally, Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $179.91.

In related news, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total value of $452,880.00. Following the completion of the transaction, the insider now directly owns 13,075 shares of the company’s stock, valued at approximately $2,222,750. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Edith W. Cooper sold 14,000 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $166.11, for a total value of $2,325,540.00. Following the completion of the transaction, the executive vice president now directly owns 33,634 shares of the company’s stock, valued at $5,586,943.74. The disclosure for this sale can be found here. Insiders own 2.61% of the company’s stock.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc. (NYSE:GS).

Receive News & Ratings for Goldman Sachs Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Disney to Build Larger Hong Kong Kingdom
Disney to Build Larger Hong Kong Kingdom


 
© 2006-2016 Ticker Report. Google+.