Huntington National Bank Sells 1,077 Shares of Goldman Sachs Group Inc (GS)

Huntington National Bank lowered its stake in Goldman Sachs Group Inc (NYSE:GS) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,955 shares of the investment management company’s stock after selling 1,077 shares during the quarter. Huntington National Bank’s holdings in Goldman Sachs Group were worth $7,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Goldman Sachs Group by 9.2% in 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 buying an additional 7,736 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Goldman Sachs Group by 5.9% in the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after buying an additional 4,390 shares during the period. Quantbot Technologies LP raised its stake in shares of Goldman Sachs Group by 223.8% in the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after buying an additional 27,121 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Goldman Sachs Group by 29.9% in 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 buying an additional 4,714 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of Goldman Sachs Group by 23.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after buying an additional 152 shares during the period. 73.52% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, October 19th. BMO Capital Markets decreased their price objective on Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a research note on Thursday, January 18th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Vertical Group downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Finally, Morgan Stanley lifted 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 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 company’s stock. The company currently has an average rating of “Hold” and an average price target of $256.20.

Shares of Goldman Sachs Group Inc (GS) opened at $249.11 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79. The stock has a market capitalization of $98,087.48, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business 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 company posted $5.08 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. sell-side analysts expect that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 34.84%.

In other Goldman Sachs Group news, Vice Chairman Pablo J. Salame sold 10,000 shares of Goldman Sachs Group stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $270.42, for a total value of $2,704,200.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Viniar sold 25,000 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total value of $5,950,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,414 shares of company stock worth $39,361,490. Corporate insiders own 2.57% of the company’s stock.

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

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