Arete Wealth Advisors LLC cut its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 761 shares of the investment management company’s stock after selling 169 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Goldman Sachs Group were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Two Sigma Advisers LP bought a new position in shares of Goldman Sachs Group in the fourth quarter worth approximately $301,000. Odey Asset Management Group Ltd bought a new position in shares of Goldman Sachs Group in the fourth quarter worth approximately $21,937,000. Tikehau Investment Management increased its position in shares of Goldman Sachs Group by 5,251.4% in the fourth quarter. Tikehau Investment Management now owns 58,758 shares of the investment management company’s stock worth $9,816,000 after purchasing an additional 57,660 shares during the last quarter. TLP Group LLC increased its position in shares of Goldman Sachs Group by 64.5% in the fourth quarter. TLP Group LLC now owns 2,496 shares of the investment management company’s stock worth $580,000 after purchasing an additional 979 shares during the last quarter. Finally, Lakewood Capital Management LP bought a new position in shares of Goldman Sachs Group in the fourth quarter worth approximately $136,480,000. 69.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE GS opened at $194.58 on Friday. Goldman Sachs Group Inc has a one year low of $151.70 and a one year high of $262.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.84. The company has a market cap of $71.17 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, February 27th. Goldman Sachs Group’s payout ratio is currently 12.66%.
In other news, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dane E. Holmes sold 1,489 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.
GS has been the topic of several research analyst reports. Bank of America decreased their price objective on shares of Goldman Sachs Group to $280.00 in a research report on Sunday, December 2nd. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $206.00 price objective on the stock in a research report on Friday, December 7th. Wells Fargo & Co reiterated a “buy” rating and set a $250.00 price target (up from $235.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 16th. Finally, Barclays reiterated an “equal weight” rating and set a $247.00 price target (down from $289.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $255.54.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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