Bryn Mawr Capital Management LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 1,872.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 130,089 shares of the investment management company’s stock after purchasing an additional 123,494 shares during the quarter. The Goldman Sachs Group accounts for approximately 2.8% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 7th biggest holding. Bryn Mawr Capital Management LLC’s holdings in The Goldman Sachs Group were worth $74,492,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth about $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the 4th quarter worth about $29,000. DT Investment Partners LLC lifted its position in The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares in the last quarter. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group during the 3rd quarter worth about $34,000. Finally, Capital Performance Advisors LLP acquired a new position in The Goldman Sachs Group during the 3rd quarter worth about $38,000. Institutional investors own 71.21% of the company’s stock.
The Goldman Sachs Group Stock Performance
Shares of NYSE:GS opened at $671.44 on Wednesday. The firm’s 50 day simple moving average is $608.24 and its 200 day simple moving average is $555.16. The Goldman Sachs Group, Inc. has a fifty-two week low of $380.85 and a fifty-two week high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $208.45 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.92 and a beta of 1.39.
The Goldman Sachs Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.79%. The Goldman Sachs Group’s payout ratio is 29.59%.
Insider Buying and Selling
In other news, Treasurer Carey Halio sold 3,640 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,475 shares of company stock valued at $19,692,543. 0.57% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages recently issued reports on GS. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, UBS Group upped their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $591.06.
Read Our Latest Stock Analysis on GS
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.
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