Evelyn Partners Investment Management LLP Sells 3,779 Shares of The Goldman Sachs Group, Inc. $GS

by · The Markets Daily

Evelyn Partners Investment Management LLP lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,729 shares of the investment management company’s stock after selling 3,779 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.0% of Evelyn Partners Investment Management LLP’s investment portfolio, making the stock its 25th biggest holding. Evelyn Partners Investment Management LLP’s holdings in The Goldman Sachs Group were worth $36,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dagco Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter worth $25,000. Manning & Napier Advisors LLC boosted its position in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth $31,000. Entrust Financial LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth $34,000. Finally, Graney & King LLC boosted its position in The Goldman Sachs Group by 51.5% in the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

More The Goldman Sachs Group News

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

Analyst Ratings Changes

Several research firms have weighed in on GS. Jefferies Financial Group cut their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Evercore lowered their price target on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. BNP Paribas Exane lowered their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Morgan Stanley set a $900.00 price target on shares of The Goldman Sachs Group in a report on Friday. Finally, Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $941.82.

Get Our Latest Report on GS

The Goldman Sachs Group Stock Up 2.6%

GS stock opened at $1,062.44 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $313.43 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.38 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $609.59 and a fifty-two week high of $1,098.36. The stock has a fifty day moving average of $957.30 and a 200-day moving average of $909.86.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $14.12 EPS. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $929.17, for a total value of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 over the last 90 days. 0.55% of the stock is owned by insiders.

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.

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