Colonial Trust Advisors Has $14.78 Million Stake in The Goldman Sachs Group, Inc. $GS

by · The Cerbat Gem

Colonial Trust Advisors increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,058 shares of the investment management company’s stock after buying an additional 199 shares during the period. The Goldman Sachs Group accounts for approximately 1.3% of Colonial Trust Advisors’ investment portfolio, making the stock its 21st biggest position. Colonial Trust Advisors’ holdings in The Goldman Sachs Group were worth $14,781,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in The Goldman Sachs Group during the first quarter worth $25,000. Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. American Capital Advisory LLC acquired a new position in The Goldman Sachs Group during the first quarter worth $29,000. Transce3nd LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Finally, Godsey & Gibb Inc. increased its holdings in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after buying an additional 34 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 7,463 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer owned 18,594 shares of the company’s stock, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares of the company’s stock, valued at $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,079 shares of company stock valued at $14,423,221 over the last quarter. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Down 0.0%

GS stock opened at $730.47 on Tuesday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50-day simple moving average is $697.14 and its 200 day simple moving average is $618.14. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $749.05. The company has a market capitalization of $221.13 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the company posted $8.62 earnings per share. The Goldman Sachs Group’s revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $4.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 26.44%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a “market perform” rating in a report on Thursday, July 17th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Finally, Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the company an “outperform” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $660.00.

Check Out Our Latest Report on GS

About The Goldman Sachs Group

(Free Report)

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.

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