home Latest News Goldman Sachs Group Inc (NYSE:GS) Shares Sold by Boston Private Wealth LLC – Casper Courier

Goldman Sachs Group Inc (NYSE:GS) Shares Sold by Boston Private Wealth LLC – Casper Courier

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Boston Private Wealth LLC lowered its holdings in Goldman Sachs Group Inc (NYSE:GS) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,819 shares of the investment management company’s stock after selling 68 shares during the quarter. Boston Private Wealth LLC’s holdings in Goldman Sachs Group were worth $999,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cacti Asset Management LLC boosted its stake in shares of Goldman Sachs Group by 1.3% in the second quarter. Cacti Asset Management LLC now owns 206,664 shares of the investment management company’s stock valued at $42,366,000 after purchasing an additional 2,750 shares during the period. First Financial Bank Trust Division boosted its stake in shares of Goldman Sachs Group by 2.5% in the second quarter. First Financial Bank Trust Division now owns 18,419 shares of the investment management company’s stock valued at $3,769,000 after purchasing an additional 453 shares during the period. Baystate Wealth Management LLC boosted its stake in shares of Goldman Sachs Group by 33.6% in the second quarter. Baystate Wealth Management LLC now owns 398 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 100 shares during the period. Fulton Bank N.A. boosted its stake in shares of Goldman Sachs Group by 18.4% in the second quarter. Fulton Bank N.A. now owns 7,828 shares of the investment management company’s stock valued at $1,602,000 after purchasing an additional 1,217 shares during the period. Finally, WINTON GROUP Ltd boosted its stake in shares of Goldman Sachs Group by 34.8% in the second quarter. WINTON GROUP Ltd now owns 62,494 shares of the investment management company’s stock valued at $12,786,000 after purchasing an additional 16,138 shares during the period. 68.64% of the stock is owned by institutional investors.

NYSE GS opened at $222.91 on Friday. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $231.69. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.85. The company has a market capitalization of $79.06 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.84 and a beta of 1.35. The company’s fifty day moving average price is $209.60 and its two-hundred day moving average price is $204.66.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $4.79 EPS for the quarter, missing the Zacks’ consensus estimate of $5.03 by ($0.24). Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The company had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.33 billion. During the same quarter last year, the company earned $6.28 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts anticipate that Goldman Sachs Group Inc will post 21.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.24%. Goldman Sachs Group’s dividend payout ratio (DPR) is 19.79%.

GS has been the subject of several analyst reports. JPMorgan Chase & Co. restated a “buy” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a research note on Wednesday, July 17th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $235.00 target price for the company in a research note on Friday. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Tuesday, August 6th. Morgan Stanley upped their target price on shares of Goldman Sachs Group from $221.00 to $244.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Oppenheimer reduced their price objective on shares of Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $244.92.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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.

Further Reading: Death Cross

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