Chesapeake Wealth Management decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE: GS – Get Rating) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 613 shares of the investment management company stock after selling 40 shares during the period. Chesapeake Wealth Management’s holdings in The Goldman Sachs Group were worth $ 202,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. BlackRock Inc. now owns 23,795,472 shares of the investment management company stock worth $ 9,102,958,000 after acquiring an additional 570,001 shares in the last quarter. State Street Corp boosted its position in shares of The Goldman Sachs Group by 2.9% during the 4th quarter. State Street Corp now owns 21,484,443 shares of the investment management company stock worth $ 8,218,874,000 after acquiring an additional 600,643 shares in the last quarter. Dodge & Cox boosted its position in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Dodge & Cox now owns 7,303,170 shares of the investment management company stock worth $ 2,793,828,000 after acquiring an additional 52,165 shares in the last quarter. Geode Capital Management LLC boosted its position in The Goldman Sachs Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 5,786,188 shares of the investment management company stock valued at $ 2,207,799,000 after buying an additional 141,980 shares in the last quarter. Finally, Alliancebernstein LP boosted its position in The Goldman Sachs Group by 6.1% in the fourth quarter. Alliancebernstein LP now owns 3,911,851 shares of the investment management company stock valued at $ 1,496,479,000 after buying an additional 225,785 shares in the last quarter. Institutional investors and hedge funds own 71.42% of the company stock.
In other news, Director Goldman Sachs Group Inc sold 86,068 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $ 15.30, for a total transaction of $ 1,316,840.40. Following the sale, the director now owns 2,240,454 shares in the company, valued at $ 34,278,946.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David M. Solomon sold 9,768 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $ 334.57, for a total transaction of $ 3,268,079.76. Following the sale, the chief executive officer now owns 96,467 shares in the company, valued at approximately $ 32,274,964.19. The disclosure for this sale can be found here. Insiders have sold a total of 1,330,390 shares of company stock worth $ 28,952,332 over the last three months. 0.57% of the stock is currently owned by insiders.
The Goldman Sachs Group stock opened at $ 299.49 on Wednesday. The firm’s 50 day simple moving average is $ 308.54 and its 200 day simple moving average is $ 338.32. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $ 102.86 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 0.63 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 1-year low of $ 278.15 and a 1-year high of $ 426.16.
The Goldman Sachs Group (NYSE: GS – Get Rating) last announced its quarterly earnings data on Thursday, April 14th. The investment management company reported $ 10.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 8.61 by $ 2.15. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 19.08%. The company had revenue of $ 12.93 billion during the quarter, compared to analysts’ expectations of $ 11.76 billion. During the same quarter in the prior year, the company earned $ 18.60 EPS. The firm’s revenue was down 26.9% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group, Inc. will post 37.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Investors of record on Wednesday, June 1st will be given a dividend of $ 2.00 per share. This represents a $ 8.00 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 31st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 15.53%.
A number of brokerages have weighed in on GS. BMO Capital Markets cut their target price on shares of The Goldman Sachs Group from $ 488.00 to $ 486.00 and set an “outperform” rating on the stock in a research report on Monday, April 18th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $ 546.00 to $ 519.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 3rd. StockNews.com started coverage on shares of The Goldman Sachs Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. Piper Sandler dropped their price target on shares of The Goldman Sachs Group from $ 465.00 to $ 430.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Finally, Bank of America raised their price target on shares of The Goldman Sachs Group from $ 349.00 to $ 360.00 and gave the company a “neutral” rating in a research note on Monday, April 18th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $ 440.73.
The Goldman Sachs Group Company Profile: (Get Rating)
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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.
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