Goldman Sachs (GS) Holdings Cut by AT Bancorp

AT Bancorp lessened its holdings in Goldman Sachs (NYSE:GS) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,817 shares of the investment management company’s stock after selling 956 shares during the period. AT Bancorp’s holdings in Goldman Sachs were worth $3,229,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Banque Pictet & Cie SA grew its holdings in shares of Goldman Sachs by 2.0% during the first quarter. Banque Pictet & Cie SA now owns 138,323 shares of the investment management company’s stock worth $34,838,000 after purchasing an additional 2,663 shares during the last quarter. Swedbank grew its holdings in shares of Goldman Sachs by 11.4% during the first quarter. Swedbank now owns 487,197 shares of the investment management company’s stock worth $122,705,000 after purchasing an additional 50,025 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Goldman Sachs by 25.8% during the first quarter. Korea Investment CORP now owns 409,320 shares of the investment management company’s stock worth $103,091,000 after purchasing an additional 83,863 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Goldman Sachs by 60.1% during the first quarter. Venturi Wealth Management LLC now owns 3,250 shares of the investment management company’s stock worth $819,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its holdings in shares of Goldman Sachs by 8.4% during the first quarter. Alpha Cubed Investments LLC now owns 17,804 shares of the investment management company’s stock worth $4,484,000 after purchasing an additional 1,384 shares during the last quarter. Hedge funds and other institutional investors own 73.48% of the company’s stock.

In other Goldman Sachs news, insider David M. Solomon sold 3,497 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total value of $854,666.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian J. Lee sold 6,738 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $263.92, for a total value of $1,778,292.96. The disclosure for this sale can be found here. Insiders sold 14,635 shares of company stock worth $3,800,588 over the last quarter. 2.57% of the stock is currently owned by company insiders.

Shares of GS stock opened at $237.00 on Friday. Goldman Sachs has a one year low of $209.62 and a one year high of $275.31. The company has a market capitalization of $91.01 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.83 and a beta of 1.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.12.

Goldman Sachs (NYSE:GS) last announced its earnings results on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.58 by $1.37. Goldman Sachs had a return on equity of 12.58% and a net margin of 14.27%. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the business posted $5.15 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. sell-side analysts anticipate that Goldman Sachs will post 23.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 31st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This is a boost from Goldman Sachs’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.35%. Goldman Sachs’s dividend payout ratio is presently 15.18%.

Several analysts have recently weighed in on the company. Wells Fargo set a $330.00 price target on Goldman Sachs and gave the stock a “buy” rating in a report on Sunday, April 8th. Vetr cut Goldman Sachs from a “hold” rating to a “sell” rating and set a $246.36 price target on the stock. in a report on Wednesday, February 14th. Sanford C. Bernstein assumed coverage on Goldman Sachs in a report on Monday, April 9th. They set an “outperform” rating and a $300.00 price target on the stock. Morgan Stanley boosted their price target on Goldman Sachs from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Thursday, March 15th. Finally, Zacks Investment Research cut Goldman Sachs from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $266.78.

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

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