Coldstream Capital Management Inc. Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Posted by Chris Copeland on Mar 19th, 2023

Coldstream Capital Management Inc. bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,491 shares of the investment management company’s stock, valued at approximately $1,542,000.

Other large investors also recently made changes to their positions in the company. Centerpoint Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $26,000. Transamerica Financial Advisors Inc. grew its stake in shares of The Goldman Sachs Group by 727.3% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 91 shares of the investment management company’s stock valued at $27,000 after buying an additional 80 shares during the period. NewSquare Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $29,000. Paragon Wealth Strategies LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $31,000. Finally, Worth Asset Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $33,000. 69.09% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 3.7 %

NYSE:GS opened at $303.54 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $101.81 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The firm’s 50 day moving average is $355.30 and its 200 day moving average is $346.44. The Goldman Sachs Group, Inc. has a 12 month low of $277.84 and a 12 month high of $389.58.

The Goldman Sachs Group (NYSE:GS – Get Rating) last posted its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 EPS for the quarter, missing analysts’ consensus estimates of $5.25 by ($1.93). The company had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.91 billion. The Goldman Sachs Group had a return on equity of 10.55% and a net margin of 16.39%. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the firm posted $10.81 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 33.14 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 2nd will be issued a $2.50 dividend. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $10.00 dividend on an annualized basis and a dividend yield of 3.29%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 33.27%.

Insider Buying and Selling

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $6.43, for a total transaction of $25,720,000.00. Following the sale, the insider now owns 17,099,784 shares of the company’s stock, valued at approximately $109,951,611.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Odeon Capital Group upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $370.14 price target for the company in a research note on Tuesday, January 10th. UBS Group lifted their price target on The Goldman Sachs Group from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Monday, January 9th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $385.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, December 6th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $390.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $470.00 price target on shares of The Goldman Sachs Group in a research note on Monday, March 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $399.24.

The Goldman Sachs Group Company Profile

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The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.