The Goldman Sachs Group, Inc. $GS Position Lessened by Seizert Capital Partners LLC

Seizert Capital Partners LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,738 shares of the investment management company’s stock after selling 2,002 shares during the quarter. The Goldman Sachs Group comprises 3.4% of Seizert Capital Partners LLC’s investment portfolio, making the stock its biggest holding. Seizert Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $79,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Stockton boosted its position in shares of The Goldman Sachs Group by 1.6% in the 3rd quarter. Bank of Stockton now owns 2,526 shares of the investment management company’s stock worth $2,012,000 after purchasing an additional 41 shares in the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth $4,171,000. Sage Mountain Advisors LLC grew its stake in shares of The Goldman Sachs Group by 2.0% in the third quarter. Sage Mountain Advisors LLC now owns 2,312 shares of the investment management company’s stock worth $1,841,000 after acquiring an additional 46 shares during the last quarter. Dynasty Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 83.2% in the 3rd quarter. Dynasty Wealth Management LLC now owns 2,685 shares of the investment management company’s stock worth $2,139,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC bought a new position in The Goldman Sachs Group in the 3rd quarter worth about $254,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a report on Tuesday. HSBC set a $604.00 target price on The Goldman Sachs Group in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. BMO Capital Markets increased their price objective on The Goldman Sachs Group from $785.00 to $980.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Finally, Argus lifted their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $891.57.

Get Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Trading Down 1.9%

Shares of NYSE:GS opened at $943.82 on Tuesday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The stock has a market capitalization of $283.08 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.01 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70. The stock’s 50-day simple moving average is $871.86 and its two-hundred day simple moving average is $795.26.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $14.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.49. The firm had revenue of $13.45 billion during the quarter, compared to analyst estimates of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $11.95 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Read More

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.