1,121 Shares in Goldman Sachs Group Inc (GS) Purchased by Cypress Capital Management LLC

Cypress Capital Management LLC purchased a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,121 shares of the investment management company’s stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Gs Investments Inc. purchased a new stake in Goldman Sachs Group in the 2nd quarter worth approximately $111,000. Cerebellum GP LLC purchased a new stake in Goldman Sachs Group in the 4th quarter worth approximately $122,000. Westside Investment Management Inc. lifted its stake in Goldman Sachs Group by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in Goldman Sachs Group in the 3rd quarter worth approximately $142,000. Finally, TLP Group LLC purchased a new stake in Goldman Sachs Group in the 2nd quarter worth approximately $152,000. Institutional investors and hedge funds own 73.28% of the company’s stock.

A number of equities analysts have recently commented on GS shares. Morgan Stanley increased their price target on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $320.00 price target on shares of Goldman Sachs Group in a report on Thursday, January 25th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a report on Tuesday, December 19th. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Barclays increased their price target on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $256.75.

In other Goldman Sachs Group news, insider David M. Solomon sold 21,252 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $271.65, for a total value of $5,773,105.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was 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. In the last ninety days, insiders have sold 167,843 shares of company stock worth $41,855,427. 2.57% of the stock is owned by insiders.

Goldman Sachs Group Inc (NYSE:GS) opened at $253.16 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $273.79. The company has a market cap of $94,036.34, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.90 and a beta of 1.37.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the firm earned $5.08 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. research analysts forecast that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is currently 34.84%.

COPYRIGHT VIOLATION WARNING: “1,121 Shares in Goldman Sachs Group Inc (GS) Purchased by Cypress Capital Management LLC” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2018/02/13/1121-shares-in-goldman-sachs-group-inc-gs-purchased-by-cypress-capital-management-llc.html.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).

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

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply