Goldman Sachs Group Inc (GS) Shares Sold by Rathbone Brothers plc

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Rathbone Brothers plc lowered its position in Goldman Sachs Group Inc (NYSE:GS) by 8.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,804 shares of the investment management company’s stock after selling 623 shares during the period. Rathbone Brothers plc’s holdings in Goldman Sachs Group were worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. boosted its stake in shares of Goldman Sachs Group by 12.3% during the first quarter. Shell Asset Management Co. now owns 44,702 shares of the investment management company’s stock valued at $8,582,000 after purchasing an additional 4,885 shares during the period. IFG Advisory LLC purchased a new stake in shares of Goldman Sachs Group during the first quarter valued at approximately $322,000. Rational Advisors LLC boosted its stake in shares of Goldman Sachs Group by 264.8% during the first quarter. Rational Advisors LLC now owns 445 shares of the investment management company’s stock valued at $85,000 after purchasing an additional 323 shares during the period. Piedmont Investment Advisors Inc. boosted its stake in shares of Goldman Sachs Group by 8.0% during the first quarter. Piedmont Investment Advisors Inc. now owns 5,554 shares of the investment management company’s stock valued at $1,066,000 after purchasing an additional 411 shares during the period. Finally, Berman Capital Advisors LLC boosted its stake in shares of Goldman Sachs Group by 236.2% during the first quarter. Berman Capital Advisors LLC now owns 464 shares of the investment management company’s stock valued at $89,000 after purchasing an additional 326 shares during the period. 67.85% of the stock is owned by institutional investors and hedge funds.

Shares of Goldman Sachs Group stock opened at $191.97 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.84. The company has a market cap of $71.53 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $245.08.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.97. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.89 billion. Goldman Sachs Group had a return on equity of 12.79% and a net margin of 25.13%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.95 earnings per share. On average, equities analysts predict that Goldman Sachs Group Inc will post 23.18 earnings per share for the current fiscal year.

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 issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, May 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.

A number of analysts have recently weighed in on GS shares. Societe Generale lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Morgan Stanley lowered Goldman Sachs Group to a “sell” rating in a research note on Monday, February 4th. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. BMO Capital Markets reissued a “hold” rating on shares of Goldman Sachs Group in a research note on Thursday, February 7th. Finally, Zacks Investment Research raised Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $239.91.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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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).

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

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