AMG National Trust Bank raised its stake in Goldman Sachs Group Inc. (NYSE:GS) by 20.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,196 shares of the investment management company’s stock after buying an additional 2,066 shares during the period. AMG National Trust Bank’s holdings in Goldman Sachs Group were worth $1,967,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $102,000. Nelson Roberts Investment Advisors LLC boosted its stake in shares of Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock valued at $105,000 after buying an additional 150 shares during the last quarter. CKW Financial Group boosted its stake in shares of Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock valued at $119,000 after buying an additional 200 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the last quarter. Finally, Cedar Wealth Management LLC boosted its stake in shares of Goldman Sachs Group by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock valued at $141,000 after buying an additional 284 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.
Goldman Sachs Group Inc. (NYSE:GS) traded down 0.44% on Friday, reaching $211.38. The company had a trading volume of 1,973,903 shares. Goldman Sachs Group Inc. has a 12 month low of $138.20 and a 12 month high of $213.41. The stock has a 50 day moving average of $184.04 and a 200 day moving average of $165.50. The firm has a market capitalization of $88.53 billion, a PE ratio of 16.96 and a beta of 1.55.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, topping the Zacks’ consensus estimate of $3.79 by $1.09. The company had revenue of $8.17 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.51 earnings per share. On average, analysts anticipate that Goldman Sachs Group Inc. will post $15.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 20.72%.
Several analysts have issued reports on the company. Rafferty Capital Markets upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a report on Monday, October 17th. TheStreet upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Royal Bank Of Canada upped their price target on Goldman Sachs Group from $160.00 to $170.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 19th. JPMorgan Chase & Co. set a $176.00 price target on Goldman Sachs Group and gave the company a “buy” rating in a research note on Thursday, September 22nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $210.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, October 11th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $182.28.
In related news, Chairman Lloyd C. Blankfein sold 2,483 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $206.23, for a total value of $512,069.09. Following the transaction, the chairman now owns 1,524,471 shares in the company, valued at $314,391,654.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sarah G. Smith sold 218 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $211.47, for a total value of $46,100.46. Following the completion of the transaction, the insider now owns 22,103 shares in the company, valued at approximately $4,674,121.41. The disclosure for this sale can be found here. Company insiders own 2.61% of the company’s stock.
About Goldman Sachs Group
The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.
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