First American Trust FSB trimmed its stake in Goldman Sachs Group Inc (NYSE:GS) by 27.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,763 shares of the investment management company’s stock after selling 6,866 shares during the quarter. First American Trust FSB’s holdings in Goldman Sachs Group were worth $2,967,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GS. Lenox Wealth Advisors LLC grew its holdings in Goldman Sachs Group by 592.0% during the fourth quarter. Lenox Wealth Advisors LLC now owns 346 shares of the investment management company’s stock worth $58,000 after acquiring an additional 296 shares during the period. Northwest Quadrant Wealth Management LLC purchased a new position in Goldman Sachs Group in the 3rd quarter worth about $481,000. Palo Capital Inc. purchased a new position in Goldman Sachs Group in the 3rd quarter worth about $109,000. Asset Advisors Investment Management LLC purchased a new position in Goldman Sachs Group in the 3rd quarter worth about $115,000. Finally, Investment Partners LTD. purchased a new position in Goldman Sachs Group in the 3rd quarter worth about $224,000. Institutional investors own 70.83% of the company’s stock.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total value of $2,606,002.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Several equities analysts have weighed in on GS shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Wolfe Research began coverage on Goldman Sachs Group in a report on Tuesday, September 25th. They set an “outperform” rating for the company. JPMorgan Chase & Co. restated a “buy” rating and issued a $285.00 target price on shares of Goldman Sachs Group in a report on Tuesday, October 16th. BMO Capital Markets boosted their target price on Goldman Sachs Group from $261.00 to $276.00 and gave the stock a “market perform” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $258.31.

Shares of GS stock traded up $0.90 during trading hours on Friday, reaching $176.90. 217,794 shares of the company’s stock were exchanged, compared to its average volume of 4,443,620. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $275.31. The firm has a market cap of $65.64 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.04.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.38 by $0.90. The business had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.43 billion. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. Goldman Sachs Group’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.02 earnings per share. As a group, equities analysts predict that Goldman Sachs Group Inc will post 24.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, November 30th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is 16.19%.

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About Goldman Sachs Group

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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