South State Corp decreased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,763 shares of the investment management company’s stock after selling 369 shares during the period. South State Corp’s holdings in Goldman Sachs Group were worth $7,311,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Bradley Foster & Sargent Inc. CT grew its stake in shares of Goldman Sachs Group by 2.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,881 shares of the investment management company’s stock valued at $314,000 after purchasing an additional 50 shares during the last quarter. Tdam USA Inc. grew its stake in shares of Goldman Sachs Group by 2.1% in the 4th quarter. Tdam USA Inc. now owns 2,611 shares of the investment management company’s stock valued at $436,000 after purchasing an additional 54 shares during the last quarter. Keybank National Association OH grew its stake in shares of Goldman Sachs Group by 1.1% in the 4th quarter. Keybank National Association OH now owns 5,571 shares of the investment management company’s stock valued at $931,000 after purchasing an additional 58 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Goldman Sachs Group by 5.2% in the 4th quarter. Parallel Advisors LLC now owns 1,171 shares of the investment management company’s stock valued at $195,000 after purchasing an additional 58 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. grew its stake in shares of Goldman Sachs Group by 9.7% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 59 shares during the last quarter. 68.92% of the stock is currently owned by institutional investors.
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Shares of Goldman Sachs Group stock traded up $3.41 during trading on Friday, reaching $200.11. The company’s stock had a trading volume of 53,488 shares, compared to its average volume of 3,483,223. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.91 and a quick ratio of 0.90. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $275.31. The company has a market cap of $73.17 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.13 and a beta of 1.22.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.48 billion. During the same period in the previous year, the business earned $5.68 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Goldman Sachs Group Inc will post 23.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, February 27th. This represents a $3.20 dividend on an annualized basis and a yield of 1.60%. Goldman Sachs Group’s payout ratio is 12.66%.
Several research analysts have weighed in on the company. Wells Fargo & Co lowered their target price on Goldman Sachs Group from $305.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 18th. Bank of America decreased their price target on Goldman Sachs Group from $280.00 to $225.00 and set a “neutral” rating on the stock in a research note on Sunday, December 9th. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Morgan Stanley downgraded Goldman Sachs Group to a “sell” rating in a research note on Monday, February 4th. Finally, BMO Capital Markets restated a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, January 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $255.54.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Gregory K. Palm sold 16,451 shares of the business’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 disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.
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Goldman Sachs Group Profile
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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