Deane Retirement Strategies Inc. bought a new stake in Goldman Sachs Group Inc (NYSE:GS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,137 shares of the investment management company’s stock, valued at approximately $1,563,000.
Other hedge funds also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its position in shares of Goldman Sachs Group by 9.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock valued at $21,810,000 after purchasing an additional 7,736 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Goldman Sachs Group by 5.9% during the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock valued at $18,738,000 after buying an additional 4,390 shares during the period. Quantbot Technologies LP boosted its stake in Goldman Sachs Group by 223.8% during the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after buying an additional 27,121 shares during the period. Tudor Investment Corp ET AL boosted its stake in Goldman Sachs Group by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after buying an additional 4,714 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its stake in Goldman Sachs Group by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after buying an additional 152 shares during the period. Institutional investors own 73.28% of the company’s stock.
In related news, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Lloyd C. Blankfein sold 20,794 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total transaction of $4,956,873.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,226 shares of company stock worth $31,247,168. 2.57% of the stock is currently owned by corporate insiders.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.14 by $0.54. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.08 earnings per share. research analysts expect that Goldman Sachs Group Inc will post 18.98 earnings per share for the current year.
GS has been the topic of several analyst reports. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. BMO Capital Markets restated a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a report on Friday, October 6th. Credit Suisse Group downgraded Goldman Sachs Group from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Citigroup restated a “neutral” rating and set a $250.00 price target (up previously from $225.00) on shares of Goldman Sachs Group in a report on Monday, October 9th. Finally, TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $250.89.
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Goldman Sachs Group Profile
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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