RPG Investment Advisory LLC Cuts Stake in Goldman Sachs Group Inc (GS)

RPG Investment Advisory LLC cut its position in Goldman Sachs Group Inc (NYSE:GS) by 31.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,563 shares of the investment management company’s stock after selling 14,208 shares during the quarter. RPG Investment Advisory LLC’s holdings in Goldman Sachs Group were worth $6,060,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC raised its stake in Goldman Sachs Group by 10.6% in the fourth quarter. Belpointe Asset Management LLC now owns 3,465 shares of the investment management company’s stock valued at $579,000 after purchasing an additional 333 shares in the last quarter. Legal & General Group Plc raised its stake in Goldman Sachs Group by 6.8% in the fourth quarter. Legal & General Group Plc now owns 1,739,119 shares of the investment management company’s stock valued at $290,444,000 after purchasing an additional 110,588 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in Goldman Sachs Group by 29.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock valued at $32,466,000 after purchasing an additional 45,206 shares in the last quarter. Morgan Stanley raised its stake in Goldman Sachs Group by 1.7% in the third quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock valued at $730,458,000 after purchasing an additional 52,899 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. raised its stake in Goldman Sachs Group by 9.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 59 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.41% of the company’s stock.

A number of research firms recently commented on GS. Odeon Capital Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine raised Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. BMO Capital Markets reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, January 21st. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Bank of America reaffirmed a “hold” rating and issued a $212.00 price target on shares of Goldman Sachs Group in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $239.91.

NYSE GS traded down $0.33 during trading on Wednesday, hitting $202.30. 420,931 shares of the company’s stock were exchanged, compared to its average volume of 3,171,805. The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 2.50. The company has a market cap of $74.38 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.33 and a beta of 1.24. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $245.88.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.35% and a net margin of 25.13%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the previous year, the firm earned $6.95 earnings per share. The business’s quarterly revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts predict that Goldman Sachs Group Inc will post 23.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.40 annualized dividend and a dividend yield of 1.68%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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