Goldman Sachs Group Inc (GS) Shares Sold by Pointe Capital Management LLC
Pointe Capital Management LLC lessened its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 68.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,004 shares of the investment management company’s stock after selling 2,219 shares during the period. Pointe Capital Management LLC’s holdings in Goldman Sachs Group were worth $256,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Seaward Management Limited Partnership grew its position in Goldman Sachs Group by 1.6% in the second quarter. Seaward Management Limited Partnership now owns 134,663 shares of the investment management company’s stock worth $29,881,000 after buying an additional 2,070 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group in the second quarter worth approximately $111,000. Joel Isaacson & Co. LLC grew its position in Goldman Sachs Group by 1.8% in the second quarter. Joel Isaacson & Co. LLC now owns 5,748 shares of the investment management company’s stock worth $1,275,000 after buying an additional 102 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA grew its position in Goldman Sachs Group by 1.7% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 33,867 shares of the investment management company’s stock worth $7,515,000 after buying an additional 560 shares during the last quarter. Finally, Sigma Investment Counselors Inc. grew its position in Goldman Sachs Group by 1.8% in the second quarter. Sigma Investment Counselors Inc. now owns 14,096 shares of the investment management company’s stock worth $3,128,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 73.27% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $257.03 on Friday. The stock has a market cap of $96,950.00, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.93 and a beta of 1.47. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. The company had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $4.88 EPS. equities research analysts expect that Goldman Sachs Group Inc will post 18.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.58%.
In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock valued at $32,435,160 in the last three months. Company insiders own 2.57% of the company’s stock.
Several research firms have issued reports on GS. Keefe, Bruyette & Woods restated a “hold” rating on shares of Goldman Sachs Group in a research report on Tuesday. Vining Sparks reaffirmed a “hold” rating and issued a $270.00 price objective on shares of Goldman Sachs Group in a research note on Monday, January 8th. Instinet reaffirmed an “outperform” rating and issued a $225.00 price objective (down previously from $238.00) on shares of Goldman Sachs Group in a research note on Thursday, January 4th. Barclays raised their price objective on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $251.90.
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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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