Kiltearn Partners LLP cut its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 15.8% during the first quarter, according to its most recent 13F filing with the SEC. 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 approximately 10.6% of Kiltearn Partners LLP’s holdings, making the stock its largest position. Kiltearn Partners LLP owned 0.32% of Goldman Sachs Group, Inc. (The) worth $299,391,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter worth about $7,102,000. Aspen Investment Management Inc raised its stake in shares of 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 period. Teachers Advisors LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 27.2% in the fourth quarter. Teachers Advisors LLC now owns 1,421,066 shares of the investment management company’s stock worth $340,274,000 after buying an additional 303,579 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter worth about $6,426,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter worth about $2,867,000. Institutional investors and hedge funds own 73.86% of the company’s stock.
Goldman Sachs Group, Inc. (NYSE GS) traded down 0.28% on Wednesday, hitting $226.37. The stock had a trading volume of 1,430,679 shares. Goldman Sachs Group, Inc. has a one year low of $156.18 and a one year high of $255.15. The stock’s 50 day moving average is $224.01 and its 200 day moving average is $229.94. The stock has a market cap of $91.20 billion, a price-to-earnings ratio of 11.87 and a beta of 1.42.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.72 earnings per share. Analysts anticipate that Goldman Sachs Group, Inc. will post $18.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.32%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.
Goldman Sachs Group, Inc. (The) announced that its board has approved a share repurchase plan on Tuesday, April 18th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the investment management company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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GS has been the topic of a number of research reports. Vetr lowered shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “strong sell” rating and set a $175.30 target price on the stock. in a research note on Thursday, April 6th. Citigroup Inc. raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a report on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Atlantic Securities raised shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $214.00 to $254.00 in a report on Thursday, April 20th. Finally, HSBC Holdings plc restated a “buy” rating and set a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, April 25th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and an average target price of $235.25.
About Goldman Sachs Group, Inc. (The)
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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