Goldman Sachs (GS) Shares Sold by QS Investors LLC

QS Investors LLC reduced its holdings in Goldman Sachs (NYSE:GS) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,527 shares of the investment management company’s stock after selling 332 shares during the period. QS Investors LLC’s holdings in Goldman Sachs were worth $1,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Goldman Sachs by 9.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after acquiring an additional 7,736 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Goldman Sachs by 5.9% in the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after acquiring an additional 4,390 shares during the last quarter. Stillwater Investment Management LLC boosted its stake in shares of Goldman Sachs by 5.8% in the fourth quarter. Stillwater Investment Management LLC now owns 11,482 shares of the investment management company’s stock worth $2,925,000 after acquiring an additional 632 shares during the last quarter. Wall Street Access Asset Management LLC boosted its stake in shares of Goldman Sachs by 65.4% in the third quarter. Wall Street Access Asset Management LLC now owns 2,907 shares of the investment management company’s stock worth $689,000 after acquiring an additional 1,149 shares during the last quarter. Finally, Zeke Capital Advisors LLC boosted its stake in shares of Goldman Sachs by 93.5% in the third quarter. Zeke Capital Advisors LLC now owns 5,786 shares of the investment management company’s stock worth $1,372,000 after acquiring an additional 2,796 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

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Shares of GS stock opened at $263.19 on Wednesday. Goldman Sachs has a 1 year low of $209.62 and a 1 year high of $275.31. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $99,731.73, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.33.

Goldman Sachs (NYSE:GS) last posted its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the previous year, the business earned $5.08 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. equities research analysts expect that Goldman Sachs will post 21.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.14%. Goldman Sachs’s dividend payout ratio is currently 34.84%.

A number of brokerages have recently issued reports on GS. Vertical Group raised Goldman Sachs from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Bank of America lifted their price target on Goldman Sachs from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Vetr lowered Goldman Sachs from a “hold” rating to a “sell” rating and set a $246.36 price target on the stock. in a research note on Wednesday, February 14th. Barclays lifted their price target on Goldman Sachs from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research lowered Goldman Sachs from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $258.33.

In related news, insider David M. Solomon sold 21,252 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 4,400 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00. The disclosure for this sale can be found here. Insiders sold 83,548 shares of company stock worth $22,064,172 in the last 90 days. Company insiders own 2.57% of the company’s stock.

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About Goldman Sachs

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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