Fulton Bank N.A. Sells 483 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)


Share on StockTwits

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.

A number of analysts have recently weighed in on GS shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $308.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, January 20th. JMP Securities raised their target price on The Goldman Sachs Group from $285.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, January 12th. DA Davidson boosted their price target on The Goldman Sachs Group from $279.00 to $321.00 and gave the stock a “neutral” rating in a report on Wednesday, January 20th. Morgan Stanley raised their price objective on The Goldman Sachs Group from $304.00 to $332.00 and gave the company an “underweight” rating in a research note on Monday, March 8th. Finally, Barclays boosted their target price on The Goldman Sachs Group from $392.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The Goldman Sachs Group currently has a consensus rating of “Buy” and an average target price of $314.64.

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.

Recommended Story: Benefits of owning preferred stock

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS).

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.