CENTRAL TRUST Co Lowers Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

CENTRAL TRUST Co trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,344 shares of the investment management company’s stock after selling 743 shares during the period. CENTRAL TRUST Co’s holdings in The Goldman Sachs Group were worth $2,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Fairfield Bush & CO. purchased a new position in The Goldman Sachs Group in the 1st quarter valued at $66,000. Candriam Luxembourg S.C.A. boosted its position in shares of The Goldman Sachs Group by 1,505.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after purchasing an additional 38,727 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of The Goldman Sachs Group by 18.5% during the 1st quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after purchasing an additional 18,540 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of The Goldman Sachs Group by 79.4% during the 1st quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after purchasing an additional 366 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of The Goldman Sachs Group by 118.3% during the 1st quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after purchasing an additional 168 shares in the last quarter. 69.09% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 3.1 %

NYSE GS opened at $312.19 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $277.84 and a 12 month high of $389.58. The company has a 50-day moving average of $356.77 and a 200-day moving average of $346.78. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $104.72 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.64 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS – Get Rating) last posted its quarterly earnings data on Tuesday, January 17th. The investment management company reported $3.32 EPS for the quarter, missing analysts’ consensus estimates of $5.25 by ($1.93). The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.55%. The company had revenue of $10.59 billion for the quarter, compared to analyst estimates of $10.91 billion. During the same period in the prior year, the company earned $10.81 EPS. The company’s revenue was down 16.2% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 33.14 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Wednesday, March 1st. The Goldman Sachs Group’s payout ratio is currently 33.27%.

Insider Transactions at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $10.58, for a total transaction of $39,664.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America boosted their target price on shares of The Goldman Sachs Group from $384.00 to $425.00 in a research report on Thursday, March 9th. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $390.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. StockNews.com initiated coverage on shares of The Goldman Sachs Group in a research report on Thursday. They set a “hold” rating on the stock. Morgan Stanley cut their price target on The Goldman Sachs Group from $356.00 to $332.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 18th. Finally, Wolfe Research downgraded The Goldman Sachs Group from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $399.24.

The Goldman Sachs Group Company Profile

(Get Rating)

The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.