DSC Advisors L.P. reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,700 shares of the investment management company’s stock after selling 2,476 shares during the period. Goldman Sachs Group comprises 8.1% of DSC Advisors L.P.’s investment portfolio, making the stock its 2nd largest position. DSC Advisors L.P.’s holdings in Goldman Sachs Group were worth $13,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in GS. Icon Wealth Partners LLC bought a new stake in shares of Goldman Sachs Group in the 4th quarter worth approximately $113,000. Cerebellum GP LLC bought a new stake in shares of Goldman Sachs Group in the 4th quarter worth approximately $122,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Goldman Sachs Group in the 4th quarter worth approximately $127,000. Westside Investment Management Inc. grew its position in shares of Goldman Sachs Group by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after buying an additional 450 shares during the last quarter. Finally, Halbert Hargrove Russell LLC bought a new stake in shares of Goldman Sachs Group in the 3rd quarter worth approximately $200,000. 73.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of Goldman Sachs Group Inc (GS) opened at $269.90 on Wednesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.93 and a current ratio of 0.93. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $275.31. The firm has a market capitalization of $103,853.51, a P/E ratio of 31.19, a P/E/G ratio of 0.98 and a beta of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is 34.84%.
In other Goldman Sachs Group news, EVP John F.W. Rogers sold 4,400 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $265.37, for a total value of $1,167,628.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Viniar sold 17,500 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The disclosure for this sale can be found here. Insiders sold 83,548 shares of company stock worth $22,064,172 over the last three months. Corporate insiders own 2.57% of the company’s stock.
A number of equities research analysts have recently weighed in on GS shares. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $320.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Bank of America lifted their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Barclays lifted their price objective on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price objective on the stock in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $257.06.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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