Telemus Capital LLC Sells 337 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Telemus Capital LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 18.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,442 shares of the investment management company’s stock after selling 337 shares during the quarter. Telemus Capital LLC’s holdings in The Goldman Sachs Group were worth $556,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GS. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after buying an additional 20,018 shares in the last quarter. HTLF Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $850,000. Wealth Alliance increased its position in The Goldman Sachs Group by 17.3% in the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after purchasing an additional 153 shares during the period. Trueblood Wealth Management LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $989,000. Finally, TBH Global Asset Management LLC increased its position in The Goldman Sachs Group by 2.0% in the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock worth $1,190,000 after purchasing an additional 72 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 3.3 %

NYSE GS opened at $417.44 on Tuesday. The stock has a market capitalization of $135.47 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.30 and a beta of 1.43. The stock’s 50 day moving average price is $396.92 and its two-hundred day moving average price is $367.80. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.79 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GS. HSBC lifted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer raised their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. JMP Securities raised their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Edward Jones initiated coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $434.93.

View Our Latest Stock Report on The Goldman Sachs Group

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.

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

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