TLP Group LLC Has $801,000 Holdings in Goldman Sachs Group Inc (GS)

TLP Group LLC grew its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 113.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,180 shares of the investment management company’s stock after buying an additional 1,693 shares during the quarter. Goldman Sachs Group makes up 0.5% of TLP Group LLC’s portfolio, making the stock its 12th largest position. TLP Group LLC’s holdings in Goldman Sachs Group were worth $801,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of Goldman Sachs Group by 3.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,519,529 shares of the investment management company’s stock worth $886,429,000 after purchasing an additional 118,249 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Goldman Sachs Group by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,401,280 shares of the investment management company’s stock worth $866,510,000 after purchasing an additional 51,853 shares during the last quarter. Boston Partners increased its stake in shares of Goldman Sachs Group by 3.4% during the 1st quarter. Boston Partners now owns 3,001,740 shares of the investment management company’s stock worth $756,018,000 after purchasing an additional 98,736 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Goldman Sachs Group by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,565,582 shares of the investment management company’s stock worth $646,167,000 after purchasing an additional 12,669 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Goldman Sachs Group by 116.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock worth $644,408,000 after purchasing an additional 1,360,046 shares during the last quarter. 72.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider David M. Solomon sold 3,497 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total transaction of $854,666.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Shares of Goldman Sachs Group traded down $0.37, reaching $233.46, on Thursday, Marketbeat.com reports. 43,102 shares of the company’s stock were exchanged, compared to its average volume of 3,347,733. Goldman Sachs Group Inc has a twelve month low of $214.64 and a twelve month high of $275.31. The firm has a market cap of $88.42 billion, a PE ratio of 11.81, a PEG ratio of 0.81 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.12.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.58 by $1.37. Goldman Sachs Group had a net margin of 14.27% and a return on equity of 12.58%. The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the business posted $5.15 EPS. The business’s revenue was up 25.0% compared to the same quarter last year. research analysts expect that Goldman Sachs Group Inc will post 23.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, May 30th. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.75. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.

Several research firms have recently weighed in on GS. JPMorgan Chase & Co. restated a “buy” rating and set a $280.00 price objective on shares of Goldman Sachs Group in a research note on Tuesday. Zacks Investment Research lowered shares of Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. ValuEngine lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Goldman Sachs Group in a research note on Wednesday, April 18th. Finally, Credit Suisse Group upped their price target on shares of Goldman Sachs Group from $274.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, April 18th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $266.78.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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.

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.


Leave a Reply