Rational Advisors LLC Has $716,000 Holdings in Goldman Sachs Group Inc (GS)
Rational Advisors LLC raised its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 155.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,811 shares of the investment management company’s stock after buying an additional 1,711 shares during the quarter. Rational Advisors LLC’s holdings in Goldman Sachs Group were worth $716,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Gs Investments Inc. acquired a new position in shares of Goldman Sachs Group in the 2nd quarter valued at about $111,000. Cerebellum GP LLC acquired a new position in shares of Goldman Sachs Group in the 4th quarter valued at about $122,000. Westside Investment Management Inc. increased its holdings in shares of Goldman Sachs Group by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 450 shares during the period. Howe & Rusling Inc. acquired a new position in shares of Goldman Sachs Group in the 3rd quarter valued at about $142,000. Finally, TLP Group LLC acquired a new position in shares of Goldman Sachs Group in the 2nd quarter valued at about $152,000. 73.28% of the stock is owned by institutional investors.
A number of equities analysts have recently weighed in on GS shares. BMO Capital Markets upped their target price on Goldman Sachs Group from $202.00 to $217.00 and gave the company a “market perform” rating in a report on Wednesday, October 18th. Morgan Stanley upped their target price on Goldman Sachs Group from $265.00 to $287.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Buckingham Research reiterated a “neutral” rating and issued a $250.00 target price (up previously from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a report on Thursday, October 19th. Finally, Societe Generale set a $198.00 target price on Goldman Sachs Group and gave the company a “sell” rating in a report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $256.75.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.78. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.08 earnings per share. analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.17%. Goldman Sachs Group’s payout ratio is currently 34.84%.
In other Goldman Sachs Group news, insider R. Martin Chavez sold 11,829 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $259.22, for a total transaction of $3,066,313.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Insiders have sold 167,843 shares of company stock valued at $41,855,427 in the last ninety days. Company insiders own 2.57% of the company’s stock.
About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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