Colonial Trust Advisors Sells 219 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Colonial Trust Advisors cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,859 shares of the investment management company’s stock after selling 219 shares during the quarter. The Goldman Sachs Group comprises approximately 1.4% of Colonial Trust Advisors’ holdings, making the stock its 20th biggest position. Colonial Trust Advisors’ holdings in The Goldman Sachs Group were worth $15,380,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of Hawaii lifted its position in The Goldman Sachs Group by 39.0% during the fourth quarter. Bank of Hawaii now owns 6,336 shares of the investment management company’s stock valued at $3,628,000 after purchasing an additional 1,779 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of The Goldman Sachs Group by 29.8% during the fourth quarter. Scotia Capital Inc. now owns 61,185 shares of the investment management company’s stock worth $35,036,000 after acquiring an additional 14,059 shares in the last quarter. F M Investments LLC raised its stake in shares of The Goldman Sachs Group by 36.6% during the fourth quarter. F M Investments LLC now owns 5,526 shares of the investment management company’s stock worth $3,164,000 after acquiring an additional 1,480 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of The Goldman Sachs Group by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 24,451 shares of the investment management company’s stock worth $14,002,000 after buying an additional 74 shares during the period. Finally, Texas Yale Capital Corp. increased its stake in shares of The Goldman Sachs Group by 0.6% in the fourth quarter. Texas Yale Capital Corp. now owns 25,461 shares of the investment management company’s stock worth $14,579,000 after buying an additional 150 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

NYSE GS opened at $517.94 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The firm has a market capitalization of $161.62 billion, a P/E ratio of 12.77, a PEG ratio of 0.89 and a beta of 1.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a 50-day moving average price of $582.13 and a 200-day moving average price of $572.44.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.48 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.32%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. JPMorgan Chase & Co. reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, JMP Securities dropped their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $586.00.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock worth $12,630,683 over the last quarter. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

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.