home Latest News Point View Wealth Management Inc. Raises Position in Goldman Sachs Group Inc (GS) – Fairfield Current

Point View Wealth Management Inc. Raises Position in Goldman Sachs Group Inc (GS) – Fairfield Current

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Point View Wealth Management Inc. raised its stake in Goldman Sachs Group Inc (NYSE:GS) by 157.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,903 shares of the investment management company’s stock after purchasing an additional 5,441 shares during the quarter. Point View Wealth Management Inc.’s holdings in Goldman Sachs Group were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Goldman Sachs Group by 2.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,881 shares of the investment management company’s stock worth $314,000 after acquiring an additional 50 shares during the period. Tdam USA Inc. boosted its holdings in shares of Goldman Sachs Group by 2.1% in the fourth quarter. Tdam USA Inc. now owns 2,611 shares of the investment management company’s stock worth $436,000 after acquiring an additional 54 shares during the period. Keybank National Association OH boosted its holdings in shares of Goldman Sachs Group by 1.1% in the fourth quarter. Keybank National Association OH now owns 5,571 shares of the investment management company’s stock worth $931,000 after acquiring an additional 58 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Goldman Sachs Group by 5.2% in the fourth quarter. Parallel Advisors LLC now owns 1,171 shares of the investment management company’s stock worth $195,000 after acquiring an additional 58 shares during the period. Finally, Sterling Investment Advisors Ltd. boosted its holdings in shares of Goldman Sachs Group by 9.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock worth $111,000 after acquiring an additional 59 shares during the period. 68.39% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. Barclays reissued an “equal weight” rating and set a $247.00 price objective (down previously from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Societe Generale lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Morgan Stanley downgraded Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 price target on the stock. in a research report on Wednesday, November 21st. Bank of America downgraded Goldman Sachs Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $280.00 to $225.00 in a research report on Friday, November 30th. Finally, ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $255.54.

In related news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gregory K. Palm sold 16,451 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Goldman Sachs Group stock traded up $0.79 during trading hours on Friday, hitting $198.26. 2,985,111 shares of the stock traded hands, compared to its average volume of 3,273,082. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $72.72 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.24 and a beta of 1.23. Goldman Sachs Group Inc has a one year low of $151.70 and a one year high of $269.85.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.48 billion. During the same period in the previous year, the firm posted $5.68 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, analysts predict that Goldman Sachs Group Inc will post 23.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 28th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.61%. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.

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Goldman Sachs Group Company Profile

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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