Atalanta Sosnoff Capital LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 138,980 shares of the investment management company's stock after selling 8,471 shares during the period. The Goldman Sachs Group makes up approximately 2.4% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 14th largest holding. Atalanta Sosnoff Capital LLC's holdings in The Goldman Sachs Group were worth $122,164,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in GS. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $25,000. Manning & Napier Advisors LLC boosted its stake in The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock valued at $27,000 after buying an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Entrust Financial LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. Finally, Graney & King LLC raised its stake in shares of The Goldman Sachs Group by 51.5% during the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company's stock worth $35,000 after purchasing an additional 17 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about The Goldman Sachs Group
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Insider Transactions at The Goldman Sachs Group
In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares of the company's stock, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,681 shares of company stock worth $31,737,875. Insiders own 0.55% of the company's stock.
The Goldman Sachs Group Price Performance
Shares of NYSE GS opened at $1,062.44 on Friday. The firm has a market cap of $313.43 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 1-year low of $609.59 and a 1-year high of $1,098.36. The business's 50 day moving average is $957.30 and its 200-day moving average is $909.86.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping analysts' consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same quarter last year, the company earned $14.12 EPS. The company's revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current year.
The Goldman Sachs Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group's dividend payout ratio (DPR) is 32.89%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Bank of America lowered their target price on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Dbs Bank lifted their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Weiss Ratings lowered The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, May 8th. Evercore decreased their price objective on The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating on the stock in a report on Monday, April 6th. Finally, CICC Research lifted their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a report on Tuesday, May 19th. Nine analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $941.82.
Check Out Our Latest Analysis on GS
The Goldman Sachs Group Profile
(
Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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