Fieldpoint Private Securities LLC grew its holdings in Goldman Sachs (NYSE:GS) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,062 shares of the investment management company’s stock after purchasing an additional 289 shares during the period. Fieldpoint Private Securities LLC’s holdings in Goldman Sachs were worth $525,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Icon Wealth Partners LLC bought a new stake in shares of Goldman Sachs in the 4th quarter valued at approximately $113,000. Cerebellum GP LLC bought a new stake in shares of Goldman Sachs in the 4th quarter valued at approximately $122,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Goldman Sachs in the 4th quarter valued at approximately $127,000. Westside Investment Management Inc. grew its stake in shares of Goldman Sachs 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 buying an additional 450 shares in the last quarter. Finally, Halbert Hargrove Russell LLC bought a new stake in shares of Goldman Sachs in the 3rd quarter valued at approximately $200,000. Institutional investors own 73.15% of the company’s stock.
Shares of Goldman Sachs stock opened at $265.97 on Monday. Goldman Sachs has a 12-month low of $209.62 and a 12-month high of $275.31. The stock has a market capitalization of $101,657.77, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 3.09.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued 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 dividend yield of 1.13%. Goldman Sachs’s dividend payout ratio (DPR) is presently 34.84%.
Several equities research analysts recently commented on the company. Wells Fargo reissued an “outperform” rating and issued a $320.00 price target on shares of Goldman Sachs in a research note on Thursday, January 25th. Vetr raised Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 price target for the company in a research note on Thursday, February 8th. Morgan Stanley boosted their price target on Goldman Sachs from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets lowered their price target on Goldman Sachs to $221.00 and set a “market perform” rating for the company in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $280.00 price target on shares of Goldman Sachs in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $258.20.
In other news, EVP John F.W. Rogers sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $265.37, for a total transaction of $1,167,628.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Viniar sold 17,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,548 shares of company stock valued at $22,064,172. Corporate insiders own 2.57% of the company’s stock.
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Goldman Sachs Profile
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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