Ayalon Holdings Ltd. Sells 70 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)


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Ayalon Holdings Ltd. lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 25.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202 shares of the investment management company’s stock after selling 70 shares during the quarter. Ayalon Holdings Ltd.’s holdings in The Goldman Sachs Group were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of The Goldman Sachs Group by 0.6% in the fourth quarter. BlackRock Inc. now owns 21,081,144 shares of the investment management company’s stock valued at $5,559,314,000 after purchasing an additional 132,529 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in The Goldman Sachs Group by 61.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,440,527 shares of the investment management company’s stock worth $3,544,390,000 after acquiring an additional 5,115,450 shares during the period. Alliancebernstein L.P. lifted its holdings in The Goldman Sachs Group by 3.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,580,079 shares of the investment management company’s stock worth $944,103,000 after acquiring an additional 110,499 shares during the period. Greenhaven Associates Inc. lifted its holdings in The Goldman Sachs Group by 3.0% during the fourth quarter. Greenhaven Associates Inc. now owns 3,064,188 shares of the investment management company’s stock worth $808,057,000 after acquiring an additional 90,008 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in The Goldman Sachs Group by 3.9% during the first quarter. Fisher Asset Management LLC now owns 2,583,280 shares of the investment management company’s stock worth $844,733,000 after acquiring an additional 97,605 shares during the period. Institutional investors own 68.05% of the company’s stock.

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 10,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $313.25, for a total transaction of $3,132,500.00. Also, CFO Stephen M. Scherr sold 20,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $312.61, for a total value of $6,252,200.00. Insiders own 0.60% of the company’s stock.

The Goldman Sachs Group stock opened at $350.16 on Tuesday. The Goldman Sachs Group, Inc. has a 52 week low of $165.36 and a 52 week high of $356.85. The business has a 50-day simple moving average of $336.53 and a 200 day simple moving average of $281.54. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.63. The stock has a market cap of $121.08 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.65 and a beta of 1.50.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, April 13th. The investment management company reported $18.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $10.22 by $8.38. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The business had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $11.74 billion. During the same period in the previous year, the business earned $3.11 earnings per share. The firm’s revenue was up 102.4% on a year-over-year basis. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 26.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Shareholders of record on Tuesday, June 1st will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, May 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 23.78%.

A number of brokerages recently commented on GS. Royal Bank of Canada lifted their price target on The Goldman Sachs Group from $319.00 to $370.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 21st. DA Davidson lifted their price target on The Goldman Sachs Group from $347.00 to $378.00 and gave the stock a “neutral” rating in a report on Wednesday, April 21st. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $360.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 14th. Citigroup raised their target price on The Goldman Sachs Group from $390.00 to $410.00 in a research report on Friday, April 23rd. Finally, Morgan Stanley raised their target price on The Goldman Sachs Group from $304.00 to $332.00 and gave the stock an “underweight” rating in a research report on Monday, March 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The Goldman Sachs Group has a consensus rating of “Buy” and an average price target of $353.95.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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