QVT Financial LP trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 10.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 56,832 shares of the investment management company’s stock after selling 6,597 shares during the period. Goldman Sachs Group comprises approximately 0.8% of QVT Financial LP’s holdings, making the stock its 13th largest holding. QVT Financial LP’s holdings in Goldman Sachs Group were worth $14,479,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new position in shares of Goldman Sachs Group in the 4th quarter worth $113,000. Cerebellum GP LLC bought a new position in shares of Goldman Sachs Group in the 4th quarter worth $122,000. Prime Capital Investment Advisors LLC bought a new position in shares of Goldman Sachs Group in the 4th quarter worth $127,000. Westside Investment Management Inc. boosted its position in shares of Goldman Sachs Group by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares during the last quarter. Finally, Howe & Rusling Inc. bought a new position in shares of Goldman Sachs Group in the 3rd quarter worth $142,000. Hedge funds and other institutional investors own 72.61% of the company’s stock.
Shares of Goldman Sachs Group Inc (GS) opened at $270.77 on Friday. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79. The stock has a market capitalization of $102,862.00, a PE ratio of 31.45, a price-to-earnings-growth ratio of 0.98 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 3.09.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is 34.84%.
Several research analysts have recently issued reports on GS shares. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Wells Fargo & Co restated an “outperform” rating and issued a $320.00 price target on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Bank of America raised their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Barclays raised their price target on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $257.06.
In related news, insider Brian J. Lee sold 6,738 shares of Goldman Sachs Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total value of $1,778,292.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider R. Martin Chavez sold 11,829 shares of Goldman Sachs Group stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $268.73, for a total value of $3,178,807.17. The disclosure for this sale can be found here. Insiders sold a total of 83,548 shares of company stock worth $22,064,172 in the last three months. Company insiders own 2.57% of the company’s stock.
Goldman Sachs Group Company 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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