Matthew 25 Management Corp Has $15.57 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Matthew 25 Management Corp lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,000 shares of the investment management company’s stock after selling 2,000 shares during the quarter. The Goldman Sachs Group comprises approximately 5.0% of Matthew 25 Management Corp’s holdings, making the stock its 6th largest position. Matthew 25 Management Corp’s holdings in The Goldman Sachs Group were worth $15,570,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GS. Brighton Jones LLC boosted its stake in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in shares of The Goldman Sachs Group by 6.8% during the 1st quarter. Capital Advisors Inc. OK now owns 547 shares of the investment management company’s stock worth $299,000 after acquiring an additional 35 shares in the last quarter. Callan Capital LLC boosted its stake in shares of The Goldman Sachs Group by 5.0% during the 1st quarter. Callan Capital LLC now owns 1,006 shares of the investment management company’s stock worth $549,000 after acquiring an additional 48 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $205,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.7%

The Goldman Sachs Group stock opened at $791.23 on Wednesday. The business has a 50 day moving average price of $775.64 and a two-hundred day moving average price of $696.77. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The stock has a market cap of $239.52 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.40 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GS shares. UBS Group increased their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. HSBC increased their target price on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, BMO Capital Markets started coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $779.50.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.