Gamble Jones Investment Counsel Has $394,000 Stake in Goldman Sachs Group Inc (NYSE:GS)

Share on StockTwits

Gamble Jones Investment Counsel trimmed its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the investment management company’s stock after selling 250 shares during the period. Gamble Jones Investment Counsel’s holdings in Goldman Sachs Group were worth $394,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of Goldman Sachs Group by 1.6% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,093 shares of the investment management company’s stock worth $633,000 after buying an additional 48 shares during the last quarter. Evolution Wealth Advisors LLC raised its stake in shares of Goldman Sachs Group by 12.3% during the second quarter. Evolution Wealth Advisors LLC now owns 449 shares of the investment management company’s stock worth $92,000 after buying an additional 49 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of Goldman Sachs Group by 2.9% during the third quarter. Moloney Securities Asset Management LLC now owns 1,716 shares of the investment management company’s stock worth $356,000 after buying an additional 49 shares during the last quarter. Cannell Peter B & Co. Inc. raised its stake in shares of Goldman Sachs Group by 1.6% during the second quarter. Cannell Peter B & Co. Inc. now owns 3,130 shares of the investment management company’s stock worth $640,000 after buying an additional 50 shares during the last quarter. Finally, Cypress Asset Management Inc. TX raised its stake in shares of Goldman Sachs Group by 2.5% during the third quarter. Cypress Asset Management Inc. TX now owns 2,050 shares of the investment management company’s stock worth $425,000 after buying an additional 50 shares during the last quarter. Institutional investors own 68.64% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Odeon Capital Group downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Oppenheimer dropped their price target on shares of Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating for the company in a research note on Wednesday, October 16th. Royal Bank of Canada set a $220.00 price target on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, Morgan Stanley boosted their price target on shares of Goldman Sachs Group from $221.00 to $244.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $244.92.

NYSE:GS traded down $0.38 during trading hours on Friday, hitting $222.91. The stock had a trading volume of 1,578,409 shares, compared to its average volume of 2,668,293. Goldman Sachs Group Inc has a one year low of $151.70 and a one year high of $231.69. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.85 and a current ratio of 0.78. The company has a market cap of $79.06 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 0.84 and a beta of 1.35. The business’s 50 day moving average is $209.60 and its 200-day moving average is $204.66.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $4.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.03 by ($0.24). Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The firm had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $8.33 billion. During the same period in the previous year, the company posted $6.28 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Goldman Sachs Group Inc will post 21.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Friday, November 29th. Goldman Sachs Group’s payout ratio is presently 19.79%.

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.

Featured Story: How to start trading in the forex market?

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).

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

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Gamble Jones Investment Counsel Has $394,000 Stake in Goldman Sachs Group Inc
Gamble Jones Investment Counsel Has $394,000 Stake in Goldman Sachs Group Inc
Gamble Jones Investment Counsel Sells 2,600 Shares of Walgreens Boots Alliance Inc
Gamble Jones Investment Counsel Sells 2,600 Shares of Walgreens Boots Alliance Inc
Notis McConarty Edward Increases Stake in Amazon.com, Inc.
Notis McConarty Edward Increases Stake in Amazon.com, Inc.
Koppers  Posts  Earnings Results, Beats Estimates By $0.27 EPS
Koppers Posts Earnings Results, Beats Estimates By $0.27 EPS
Camping World  Releases Quarterly  Earnings Results, Misses Estimates By $0.04 EPS
Camping World Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS
SPDR S&P 400 Mid CapGrowth ETF  Shares Sold by Pacific Sun Financial Corp
SPDR S&P 400 Mid CapGrowth ETF Shares Sold by Pacific Sun Financial Corp


 
© 2006-2019 Zolmax.