Goldman Sachs Group Inc (GS) Shares Sold by Catamount Wealth Management
Catamount Wealth Management reduced its holdings in Goldman Sachs Group Inc (NYSE:GS) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,365 shares of the investment management company’s stock after selling 740 shares during the quarter. Goldman Sachs Group accounts for about 2.3% of Catamount Wealth Management’s investment portfolio, making the stock its 16th largest position. Catamount Wealth Management’s holdings in Goldman Sachs Group were worth $3,882,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Goldman Sachs Group during the 2nd quarter valued at about $101,000. Sterling Investment Advisors Ltd. increased its position in shares of Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Goldman Sachs Group during the 2nd quarter valued at about $111,000. Gs Investments Inc. bought a new position in shares of Goldman Sachs Group during the 2nd quarter valued at about $111,000. Finally, First Personal Financial Services increased its position in shares of Goldman Sachs Group by 230.2% during the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 366 shares during the last quarter. Institutional investors and hedge funds own 73.35% of the company’s stock.
Several brokerages have recently commented on GS. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America increased their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. J P Morgan Chase & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, November 20th. Royal Bank Of Canada reiterated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $246.10.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter last year, the business posted $4.88 EPS. The business’s revenue was up 2.0% on a year-over-year basis. research analysts anticipate that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.63%.
In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 20,794 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,177 shares of company stock valued at $32,435,160. Company insiders own 2.57% of the company’s stock.
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Goldman Sachs Group Profile
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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