Goldman Sachs Group Inc (GS) Shares Sold by Pictet North America Advisors SA
Pictet North America Advisors SA cut its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 10.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,050 shares of the investment management company’s stock after selling 350 shares during the quarter. Pictet North America Advisors SA’s holdings in Goldman Sachs Group were worth $723,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GS. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Goldman Sachs Group in the second quarter valued at $101,000. WealthTrust Arizona LLC boosted its holdings in Goldman Sachs Group by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in Goldman Sachs Group by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in Goldman Sachs Group in the second quarter valued at $111,000. Finally, Gs Investments Inc. purchased a new stake in Goldman Sachs Group in the second quarter valued at $111,000. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on GS shares. Wells Fargo & Company started coverage on shares of Goldman Sachs Group in a report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price target on the stock. downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $223.80 to $250.00 in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada reiterated a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Finally, TheStreet downgraded shares of Goldman Sachs Group from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $244.65.
Goldman Sachs Group Inc (NYSE GS) opened at $248.95 on Friday. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $255.15. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $93,470.16, a PE ratio of 12.91, a P/E/G ratio of 1.26 and a beta of 1.47.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.21%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.63%.
In related news, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $238.49, for a total transaction of $572,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,177 shares of company stock valued at $32,435,160. Insiders own 2.57% of the company’s stock.
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Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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