Culbertson A N & Co. Inc. Lowers Stake in Goldman Sachs Group Inc (GS)

Culbertson A N & Co. Inc. reduced its position in Goldman Sachs Group Inc (NYSE:GS) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,729 shares of the investment management company’s stock after selling 141 shares during the period. Goldman Sachs Group accounts for approximately 1.6% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 21st largest holding. Culbertson A N & Co. Inc.’s holdings in Goldman Sachs Group were worth $5,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Financial Planning LLC acquired a new stake in shares of Goldman Sachs Group during the fourth quarter worth $26,000. Toth Financial Advisory Corp lifted its holdings in shares of Goldman Sachs Group by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Goldman Sachs Group in the fourth quarter valued at about $29,000. Loeb Partners Corp bought a new stake in shares of Goldman Sachs Group in the fourth quarter valued at about $33,000. Finally, Riverview Trust Co bought a new stake in shares of Goldman Sachs Group in the fourth quarter valued at about $33,000. 70.11% of the stock is owned by institutional investors.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.41% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the company. Barclays reissued an “equal weight” rating and set a $247.00 price target (down previously from $289.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 2nd. Societe Generale downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Morgan Stanley downgraded Goldman Sachs Group to a “sell” rating in a research report on Monday, February 4th. ValuEngine raised Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research report on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. Goldman Sachs Group has an average rating of “Hold” and an average target price of $245.85.

NYSE:GS traded up $4.74 during trading hours on Wednesday, reaching $206.58. 120,113 shares of the company were exchanged, compared to its average volume of 3,340,856. The company has a market capitalization of $73.32 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.29 and a beta of 1.22. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $262.25. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.86 and a quick ratio of 0.92.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.35% and a net margin of 25.13%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same period in the prior year, the company earned $6.95 earnings per share. The company’s quarterly revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts anticipate that Goldman Sachs Group Inc will post 22.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, May 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 1.65%. Goldman Sachs Group’s dividend payout ratio is presently 12.66%.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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