The Goldman Sachs Group, Inc. (NYSE:GS) is Lipe & Dalton’s 4th Largest Position

Lipe & Dalton reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,790 shares of the investment management company’s stock after selling 59 shares during the period. The Goldman Sachs Group comprises approximately 3.7% of Lipe & Dalton’s portfolio, making the stock its 4th largest position. Lipe & Dalton’s holdings in The Goldman Sachs Group were worth $6,863,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cambridge Trust Co. lifted its position in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. Truvestments Capital LLC lifted its position in The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $32,000. Pacific Center for Financial Services purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. Finally, Worth Asset Management LLC purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS traded down $4.02 on Tuesday, hitting $396.86. 3,373,528 shares of the company were exchanged, compared to its average volume of 2,335,887. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average is $395.09 and its 200 day moving average is $364.56. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. The firm has a market capitalization of $128.79 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the business posted $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $333.00 to $449.00 in a report on Tuesday, January 30th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a report on Tuesday. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a report on Tuesday. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Finally, Barclays upped their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock valued at $15,080,021 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.