The Goldman Sachs Group, Inc. $GS Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,303 shares of the investment management company’s stock after selling 1,740 shares during the quarter. The Goldman Sachs Group makes up approximately 2.0% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 8th largest position. Lee Danner & Bass Inc.’s holdings in The Goldman Sachs Group were worth $28,113,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Dogwood Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the third quarter worth $26,000. First PREMIER Bank bought a new stake in shares of The Goldman Sachs Group in the third quarter worth $28,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group in the third quarter valued at $29,000. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth $31,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $961.54 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company has a fifty day moving average of $871.86 and a 200-day moving average of $795.26. The firm has a market capitalization of $288.39 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.01 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $14.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.49. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business had revenue of $13.45 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the prior year, the firm earned $11.95 earnings per share. The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is presently 31.20%.

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

Analysts Set New Price Targets

GS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research report on Friday. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Jefferies Financial Group increased their target price on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Morgan Stanley dropped their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Finally, UBS Group upped their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $891.57.

Read Our Latest Stock Analysis on GS

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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