Bartlett & Co. LLC Has $101,000 Position in Goldman Sachs Group Inc (GS)
Bartlett & Co. LLC trimmed its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 24.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 606 shares of the investment management company’s stock after selling 200 shares during the quarter. Bartlett & Co. LLC’s holdings in Goldman Sachs Group were worth $101,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. increased its stake in Goldman Sachs Group by 9.7% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock worth $111,000 after acquiring an additional 59 shares during the last quarter. Meristem Family Wealth LLC increased its stake in Goldman Sachs Group by 5.9% in the 3rd quarter. Meristem Family Wealth LLC now owns 1,130 shares of the investment management company’s stock worth $253,000 after acquiring an additional 63 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in Goldman Sachs Group by 6.2% in the 4th quarter. Kistler Tiffany Companies LLC now owns 1,127 shares of the investment management company’s stock worth $188,000 after acquiring an additional 66 shares during the last quarter. Eastern Bank increased its stake in Goldman Sachs Group by 3.6% in the 4th quarter. Eastern Bank now owns 2,072 shares of the investment management company’s stock worth $346,000 after acquiring an additional 72 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its stake in Goldman Sachs Group by 1.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 6,297 shares of the investment management company’s stock worth $1,114,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 70.72% of the company’s stock.
A number of brokerages have weighed in on GS. Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. BMO Capital Markets upped their target price on Goldman Sachs Group from $261.00 to $276.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating and issued a $285.00 target price on shares of Goldman Sachs Group in a research note on Tuesday, October 16th. ValuEngine lowered Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. Finally, Oppenheimer upped their target price on Goldman Sachs Group from $257.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, January 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $254.88.
GS opened at $197.80 on Friday. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $275.31. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $73.53 billion, a PE ratio of 7.83, a PEG ratio of 0.74 and a beta of 1.13.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same period in the prior year, the business earned $5.68 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts expect that Goldman Sachs Group Inc will post 23.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 28th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, February 27th. Goldman Sachs Group’s payout ratio is currently 12.66%.
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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 through 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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