TrueNorth Inc. boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 60.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,844 shares of the investment management company’s stock after buying an additional 4,080 shares during the period. Goldman Sachs Group makes up about 1.2% of TrueNorth Inc.’s holdings, making the stock its 23rd largest holding. TrueNorth Inc.’s holdings in Goldman Sachs Group were worth $2,763,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of GS. Nomura Asset Management Co. Ltd. lifted its stake in Goldman Sachs Group by 9.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after purchasing an additional 7,736 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Goldman Sachs Group by 5.9% during the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after purchasing an additional 4,390 shares during the last quarter. Quantbot Technologies LP lifted its stake in Goldman Sachs Group by 223.8% during the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after purchasing an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in Goldman Sachs Group by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after purchasing an additional 4,714 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its stake in Goldman Sachs Group by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after purchasing an additional 152 shares during the last quarter. 73.52% of the stock is owned by institutional investors.
In related news, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Pablo J. Salame sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $270.42, for a total value of $2,704,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,414 shares of company stock worth $39,361,490. 2.57% of the stock is owned by company insiders.
Goldman Sachs Group Inc (GS) opened at $249.11 on Tuesday. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $273.79. The stock has a market capitalization of $98,087.48, a PE ratio of 28.93, a P/E/G ratio of 0.94 and a beta of 1.37. 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 (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the previous year, the business earned $5.08 EPS. Goldman Sachs Group’s revenue was down 4.2% compared to the same quarter last year. equities analysts forecast that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.
The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. Goldman Sachs Group’s dividend payout ratio is presently 34.84%.
GS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a research note on Thursday, October 19th. BMO Capital Markets lowered their target price on Goldman Sachs Group to $221.00 and set a “market perform” rating for the company in a research note on Thursday, January 18th. Wells Fargo & Co reissued an “outperform” rating and issued a $320.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Vertical Group lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Finally, Morgan Stanley boosted their target price on Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $256.20.
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About Goldman Sachs Group
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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