The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Kingstown Capital Management L.P.

Kingstown Capital Management L.P. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 37.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 25,000 shares of the investment management company’s stock after selling 15,000 shares during the period. The Goldman Sachs Group makes up 2.8% of Kingstown Capital Management L.P.’s investment portfolio, making the stock its 2nd largest position. Kingstown Capital Management L.P.’s holdings in The Goldman Sachs Group were worth $8,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RMR Wealth Builders acquired a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $26,000. IronBridge Private Wealth LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $26,000. Curi Capital acquired a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $29,000. Tacita Capital Inc acquired a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $33,000. Finally, Cordasco Financial Network acquired a new position in The Goldman Sachs Group during the 1st quarter valued at approximately $33,000. Institutional investors own 71.25% of the company’s stock.

Shares of GS stock traded down $3.72 on Thursday, reaching $369.78. 49,011 shares of the company’s stock traded hands, compared to its average volume of 2,678,760. The Goldman Sachs Group, Inc. has a 12-month low of $185.52 and a 12-month high of $393.26. The company has a quick ratio of 0.81, a current ratio of 1.20 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $125.64 billion, a P/E ratio of 6.74 and a beta of 1.48. The company has a 50 day moving average of $370.57.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, July 12th. The investment management company reported $15.02 earnings per share for the quarter, beating analysts’ consensus estimates of $10.24 by $4.78. The Goldman Sachs Group had a return on equity of 22.93% and a net margin of 33.03%. The business had revenue of $15.39 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the previous year, the company posted $6.26 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 52.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 1st will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.16%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $1.25. The Goldman Sachs Group’s payout ratio is 14.60%.

Several analysts have weighed in on GS shares. Jefferies Financial Group started coverage on The Goldman Sachs Group in a research note on Wednesday, June 9th. They set a “buy” rating and a $450.00 target price on the stock. Credit Suisse Group lifted their target price on The Goldman Sachs Group from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, July 14th. Berenberg Bank lifted their target price on The Goldman Sachs Group from $270.00 to $330.00 and gave the company a “hold” rating in a research note on Wednesday, April 21st. Keefe, Bruyette & Woods started coverage on The Goldman Sachs Group in a research note on Wednesday, July 7th. They set a “market perform” rating and a $391.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $360.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The Goldman Sachs Group has a consensus rating of “Buy” and a consensus target price of $392.45.

The Goldman Sachs Group Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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