Kiltearn Partners LLP reduced its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 15.8% during the first quarter, Holdings Channel reports. The fund owned 1,303,286 shares of the investment management company’s stock after selling 245,167 shares during the period. Goldman Sachs Group, Inc. (The) makes up about 10.6% of Kiltearn Partners LLP’s portfolio, making the stock its largest position. Kiltearn Partners LLP’s holdings in Goldman Sachs Group, Inc. (The) were worth $299,391,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Carret Asset Management LLC increased its stake in Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock worth $4,698,000 after buying an additional 113 shares during the last quarter. Amarillo National Bank purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth $238,000. Wells Fargo & Company MN increased its stake in Goldman Sachs Group, Inc. (The) by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock worth $500,319,000 after buying an additional 130,825 shares during the last quarter. Aspen Investment Management Inc increased its stake in Goldman Sachs Group, Inc. (The) by 1.7% in the fourth quarter. Aspen Investment Management Inc now owns 3,004 shares of the investment management company’s stock worth $719,000 after buying an additional 50 shares during the last quarter. Finally, Integrated Wealth Management increased its stake in Goldman Sachs Group, Inc. (The) by 30.1% in the first quarter. Integrated Wealth Management now owns 1,183 shares of the investment management company’s stock worth $272,000 after buying an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.
Goldman Sachs Group, Inc. (NYSE GS) opened at 220.18 on Friday. The firm has a market capitalization of $90.12 billion, a PE ratio of 11.72 and a beta of 1.42. The stock’s 50 day moving average price is $222.76 and its 200 day moving average price is $231.25. Goldman Sachs Group, Inc. has a 52-week low of $155.37 and a 52-week high of $255.15.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same period last year, the company posted $3.72 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that Goldman Sachs Group, Inc. will post $18.28 EPS for the current fiscal year.
Goldman Sachs Group, Inc. (The) declared that its board has authorized a stock buyback program on Tuesday, April 18th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the investment management company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.36%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.
A number of research firms have recently weighed in on GS. Credit Suisse Group restated a “buy” rating and set a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, April 5th. Vetr downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “strong sell” rating and set a $175.30 target price for the company. in a research report on Thursday, April 6th. HSBC Holdings plc restated a “buy” rating and set a $291.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, March 27th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, April 6th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and an average price target of $237.54.
Goldman Sachs Group, Inc. (The) 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.
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).
Receive News & Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.
