Rise Advisors LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE: GS – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 99 shares of the investment management company stock, valued at approximately $ 38,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in shares of The Goldman Sachs Group by 2.9% in the fourth quarter. State Street Corp now owns 21,484,443 shares of the investment management company stock valued at $ 8,218,874,000 after purchasing an additional 600,643 shares in the last quarter. BlackRock Inc. grew its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. BlackRock Inc. now owns 23,795,472 shares of the investment management company stock valued at $ 9,102,958,000 after purchasing an additional 570,001 shares in the last quarter. Balyasny Asset Management LLC grew its position in shares of The Goldman Sachs Group by 313.6% in the third quarter. Balyasny Asset Management LLC now owns 675,003 shares of the investment management company stock valued at $ 255,171,000 after purchasing an additional 511,802 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of The Goldman Sachs Group by 615.6% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 449,631 shares of the investment management company stock valued at $ 172,006,000 after purchasing an additional 386,799 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $ 139,179,000. Hedge funds and other institutional investors own 71.42% of the company stock.
Several equities analysts have recently weighed in on GS shares. Oppenheimer reduced their price target on The Goldman Sachs Group from $ 546.00 to $ 519.00 and set an “overweight” rating for the company in a research report on Tuesday, May 3rd. Morgan Stanley reduced their price target on The Goldman Sachs Group from $ 445.00 to $ 418.00 and set an “equal weight” rating for the company in a research report on Monday, March 28th. Bank of America boosted their target price on The Goldman Sachs Group from $ 349.00 to $ 360.00 and gave the stock a “neutral” rating in a research report on Monday, April 18th. Wells Fargo & Company cut The Goldman Sachs Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 28th. Finally, StockNews.com initiated coverage on The Goldman Sachs Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $ 440.73.
Shares of GS stock opened at $ 279.79 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 2.47. The business has a 50-day moving average price of $ 313.20 and a two-hundred day moving average price of $ 343.49. The Goldman Sachs Group, Inc. has a 12-month low of $ 278.15 and a 12-month high of $ 426.16. The firm has a market cap of $ 96.09 billion, a P / E ratio of 5.43, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40.
The Goldman Sachs Group (NYSE: GS – Get Rating) last issued its quarterly earnings results on Thursday, April 14th. The investment management company reported $ 10.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 8.61 by $ 2.15. The Goldman Sachs Group had a return on equity of 19.08% and a net margin of 31.21%. The firm had revenue of $ 12.93 billion during the quarter, compared to analyst estimates of $ 11.76 billion. During the same quarter in the previous year, the company posted $ 18.60 earnings per share. The company revenue was down 26.9% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 37.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 1st will be paid a $ 2.00 dividend. This represents a $ 8.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, May 31st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.53%.
In other news, Director Goldman Sachs Group Inc sold 86,068 shares of the business’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $ 15.30, for a total value of $ 1,316,840.40. Following the completion of the sale, the director now owns 2,240,454 shares of the company stock, valued at approximately $ 34,278,946.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 9,768 shares of the business’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $ 334.57, for a total value of $ 3,268,079.76. Following the completion of the sale, the chief executive officer now directly owns 96,467 shares of the company stock, valued at approximately $ 32,274,964.19. The disclosure for this sale can be found here. In the last three months, insiders sold 1,330,390 shares of company stock valued at $ 28,952,332. 0.57% of the stock is currently owned by corporate insiders.
The Goldman Sachs Group 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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