Fulton Bank N.A. lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,521 shares of the investment management company’s stock after selling 483 shares during the period. Fulton Bank N.A.’s holdings in The Goldman Sachs Group were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $25,000. RMR Wealth Builders bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Danda Trouve Investment Management Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. IronBridge Private Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $26,000. Finally, Annapolis Financial Services LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $27,000. 68.05% of the stock is owned by institutional investors.
In other news, CFO Stephen M. Scherr sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $312.61, for a total value of $6,252,200.00. Also, EVP John F.W. Rogers sold 10,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $313.25, for a total value of $3,132,500.00. Insiders have sold 40,748 shares of company stock worth $12,371,892 in the last quarter. Company insiders own 0.60% of the company’s stock.
Shares of GS traded down $2.90 during mid-day trading on Thursday, reaching $323.65. 9,501 shares of the company were exchanged, compared to its average volume of 3,223,186. The business has a 50 day simple moving average of $330.16 and a two-hundred day simple moving average of $263.63. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $111.92 billion, a PE ratio of 13.76, a PEG ratio of 0.65 and a beta of 1.50. The Goldman Sachs Group, Inc. has a 52 week low of $165.36 and a 52 week high of $356.85.
The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, January 18th. The investment management company reported $12.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.47 by $4.61. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The firm had revenue of $11.74 billion during the quarter, compared to analyst estimates of $10.07 billion. During the same quarter last year, the business earned $4.69 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. On average, analysts predict that The Goldman Sachs Group, Inc. will post 26.26 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 2nd were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.54%. The Goldman Sachs Group’s payout ratio is presently 23.78%.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.
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