Goldman Sachs Group Inc (GS) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. decreased its stake in Goldman Sachs Group Inc (NYSE:GS) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,640 shares of the investment management company’s stock after selling 1,519 shares during the period. Capstone Asset Management Co.’s holdings in Goldman Sachs Group were worth $6,133,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Carret Asset Management LLC increased its stake in Goldman Sachs Group by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock valued at $4,698,000 after buying an additional 113 shares during the period. Bridgewater Associates LP acquired a new stake in Goldman Sachs Group during the first quarter valued at $2,187,000. Wells Fargo & Company MN increased its stake in Goldman Sachs Group by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock valued at $500,319,000 after buying an additional 130,825 shares during the period. Delta Lloyd NV acquired a new stake in Goldman Sachs Group during the first quarter valued at $9,345,000. Finally, Bank of Nova Scotia increased its stake in Goldman Sachs Group by 452.3% in the first quarter. Bank of Nova Scotia now owns 90,239 shares of the investment management company’s stock valued at $20,729,000 after buying an additional 73,900 shares during the period. Institutional investors and hedge funds own 73.38% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE:GS) traded up 0.57% during midday trading on Thursday, hitting $223.69. The stock had a trading volume of 934,084 shares. The stock has a market cap of $86.84 billion, a PE ratio of 11.73 and a beta of 1.42. The firm has a 50 day moving average price of $225.12 and a 200 day moving average price of $228.90. Goldman Sachs Group Inc has a one year low of $157.77 and a one year high of $255.15.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group had a return on equity of 8.65% and a net margin of 17.35%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.72 earnings per share. On average, equities analysts forecast that Goldman Sachs Group Inc will post $18.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.74%.
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Several analysts recently weighed in on GS shares. Deutsche Bank AG restated a “buy” rating on shares of Goldman Sachs Group in a report on Monday, July 3rd. Capital One Financial Corporation restated a “buy” rating on shares of Goldman Sachs Group in a report on Tuesday, July 11th. J P Morgan Chase & Co restated a “buy” rating and issued a $260.00 price objective on shares of Goldman Sachs Group in a report on Monday, June 26th. Buckingham Research restated a “neutral” rating and issued a $243.00 price objective (up from $235.00) on shares of Goldman Sachs Group in a report on Monday, July 10th. Finally, UBS AG downgraded Goldman Sachs Group from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $220.19 to $230.00 in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $235.44.
In other Goldman Sachs Group news, Director David A. Viniar sold 4,590 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the transaction, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the transaction, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 over the last three months. Corporate insiders own 2.57% of the company’s stock.
About Goldman Sachs Group
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.
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