The Goldman Sachs Group, Inc. (NYSE:GS) is Atwater Malick LLC’s 6th Largest Position

Atwater Malick LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,148 shares of the investment management company’s stock after selling 259 shares during the period. The Goldman Sachs Group comprises approximately 4.8% of Atwater Malick LLC’s investment portfolio, making the stock its 6th biggest holding. Atwater Malick LLC’s holdings in The Goldman Sachs Group were worth $14,400,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $26,000. Quest Partners LLC grew its position in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the period. West Branch Capital LLC purchased a new position in The Goldman Sachs Group in the third quarter valued at $30,000. DT Investment Partners LLC boosted its stake in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $589.19.

The Goldman Sachs Group Stock Up 2.3 %

NYSE GS opened at $626.84 on Friday. 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 Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $627.00. The business’s fifty day simple moving average is $586.47 and its 200-day simple moving average is $528.71. The firm has a market cap of $196.77 billion, a PE ratio of 18.39, a P/E/G ratio of 0.66 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the business posted $5.48 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.91%. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This represents a 5.26 % 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, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the sale, the director now directly owns 608,425 shares of the company’s stock, valued at $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock worth $12,656,179 over the last quarter. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Company 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.