WINTON GROUP Ltd trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 60.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,435 shares of the investment management company’s stock after selling 3,775 shares during the period. WINTON GROUP Ltd’s holdings in Goldman Sachs Group were worth $620,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in shares of Goldman Sachs Group in the 4th quarter valued at approximately $113,000. Cerebellum GP LLC acquired a new stake in shares of Goldman Sachs Group in the 4th quarter valued at approximately $122,000. Westside Investment Management Inc. raised its position in shares of 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 valued at $134,000 after acquiring an additional 450 shares during the period. Howe & Rusling Inc. acquired a new stake in shares of Goldman Sachs Group in the 3rd quarter valued at approximately $142,000. Finally, Waldron LP acquired a new stake in shares of Goldman Sachs Group in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 72.61% of the company’s stock.
In related 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John F.W. Rogers sold 4,400 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total transaction of $1,167,628.00. The disclosure for this sale can be found here. Insiders sold 83,548 shares of company stock valued at $22,064,172 over the last three months. 2.57% of the stock is owned by company insiders.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.66%. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same period last year, the company earned $5.08 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. sell-side analysts predict that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.11%. Goldman Sachs Group’s dividend payout ratio is presently 34.84%.
Several analysts have commented on the stock. Barclays restated an “equal weight” rating and set a $289.00 target price (down from $308.00) on shares of Goldman Sachs Group in a report on Thursday, January 18th. Vetr downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 target price on the stock. in a report on Wednesday, February 14th. BMO Capital Markets dropped their target price on shares of Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a report on Thursday, January 18th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Goldman Sachs Group in a report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $257.06.
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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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