Cornerstone Investment Partners LLC grew its stake in Goldman Sachs Group Inc (NYSE:GS) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,926 shares of the investment management company’s stock after purchasing an additional 7,817 shares during the period. Cornerstone Investment Partners LLC owned approximately 0.06% of Goldman Sachs Group worth $38,242,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC grew its position in Goldman Sachs Group by 592.0% during the 4th quarter. Lenox Wealth Advisors LLC now owns 346 shares of the investment management company’s stock worth $58,000 after acquiring an additional 296 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Goldman Sachs Group by 7,719.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 23,457 shares of the investment management company’s stock worth $104,000 after acquiring an additional 23,157 shares during the last quarter. Palo Capital Inc. bought a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $109,000. Asset Advisors Investment Management LLC bought a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $115,000. Finally, Canton Hathaway LLC bought a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $174,000. Institutional investors own 70.83% of the company’s stock.
Shares of GS stock traded up $0.27 during trading hours on Friday, reaching $176.27. The company had a trading volume of 129,081 shares, compared to its average volume of 4,443,620. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The company has a market cap of $65.64 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.59 and a beta of 1.13. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $275.31.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.38 by $0.90. The company had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.02 EPS. Research analysts anticipate that Goldman Sachs Group Inc will post 24.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, November 30th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 16.19%.
A number of research firms recently commented on GS. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley decreased their price target on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Tuesday. TheStreet lowered Goldman Sachs Group from a “b-” rating to a “c+” rating in a research report on Wednesday, December 26th. Wolfe Research started coverage on Goldman Sachs Group in a research report on Tuesday, September 25th. They set an “outperform” rating on the stock. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $250.00 price objective (down from $258.00) on shares of Goldman Sachs Group in a research report on Monday, December 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $258.31.
In other news, VP Gregory K. Palm sold 16,451 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.
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About Goldman Sachs Group
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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