The Goldman Sachs Group Inc. (GS) Position Held by SOL Capital Management CO

The Goldman Sachs Group Inc. (GS) Position Held by SOL Capital Management CO

SOL Capital Management CO maintained its stake in shares of Goldman Sachs Group Inc. (NYSE:GS) during the second quarter, Holdings Channel reports. The fund owned 1,780 shares of the investment management company’s stock at the end of the second quarter. SOL Capital Management CO’s holdings in Goldman Sachs Group were worth $264,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in GS. Dodge & Cox boosted its stake in Goldman Sachs Group by 24.9% in the first quarter. Dodge & Cox now owns 13,489,040 shares of the investment management company’s stock valued at $2,117,509,000 after buying an additional 2,690,050 shares during the period. Wellington Management Group LLP boosted its position in shares of Goldman Sachs Group by 268.8% in the first quarter. Wellington Management Group LLP now owns 6,093,448 shares of the investment management company’s stock worth $956,549,000 after buying an additional 4,441,270 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Goldman Sachs Group by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,387,353 shares of the investment management company’s stock worth $530,737,000 after buying an additional 43,007 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Goldman Sachs Group by 1.5% in the first quarter. Legal & General Group Plc now owns 1,852,638 shares of the investment management company’s stock worth $290,816,000 after buying an additional 27,575 shares during the last quarter. Finally, Kiltearn Partners LLP boosted its position in shares of Goldman Sachs Group by 35.7% in the first quarter. Kiltearn Partners LLP now owns 1,402,853 shares of the investment management company’s stock worth $220,220,000 after buying an additional 369,000 shares during the last quarter. Hedge funds and other institutional investors own 71.33% of the company’s stock.

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded down 0.89% during trading on Monday, hitting $169.00. The stock had a trading volume of 3,059,409 shares. The stock’s 50-day moving average price is $166.91 and its 200 day moving average price is $159.81. Goldman Sachs Group Inc. has a one year low of $138.20 and a one year high of $199.90. The stock has a market cap of $72.06 billion, a price-to-earnings ratio of 16.02 and a beta of 1.61.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 19th. The investment management company reported $3.72 EPS for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.72. The business earned $7.93 billion during the quarter, compared to analyst estimates of $7.58 billion. Goldman Sachs Group had a net margin of 18.12% and a return on equity of 8.83%. During the same quarter in the prior year, the business earned $1.98 earnings per share. On average, equities analysts forecast that Goldman Sachs Group Inc. will post $14.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 1st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Tuesday, August 30th. Goldman Sachs Group’s dividend payout ratio is currently 24.60%.

A number of research analysts recently weighed in on the company. Rafferty Capital Markets upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Monday. Barclays PLC reiterated an “equal weight” rating and issued a $210.00 target price on shares of Goldman Sachs Group in a report on Tuesday, October 11th. Citigroup Inc. lifted their target price on Goldman Sachs Group from $180.00 to $195.00 and gave the company a “buy” rating in a report on Monday, October 10th. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 target price on the stock in a report on Thursday, September 29th. Finally, Nomura reissued a “buy” rating and issued a $197.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, September 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $179.91.

In related news, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $170.00, for a total value of $452,880.00. Following the completion of the transaction, the insider now owns 13,075 shares of the company’s stock, valued at $2,222,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edith W. Cooper sold 14,000 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the completion of the transaction, the executive vice president now directly owns 33,634 shares of the company’s stock, valued at approximately $5,586,943.74. The disclosure for this sale can be found here. Insiders own 2.61% of the company’s stock.

Goldman Sachs Group Company Profile

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.

Related posts

Leave a Comment