Daiwa Securities Group Inc. raised its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 17.0% during the 3rd quarter, Holdings Channel reports. The firm owned 47,208 shares of the investment management company’s stock after buying an additional 6,873 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Goldman Sachs Group were worth $10,586,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Goldman Sachs Group by 7,719.0% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 23,457 shares of the investment management company’s stock valued at $104,000 after buying an additional 23,157 shares during the period. Zions Bancorporation acquired a new position in shares of Goldman Sachs Group in the 2nd quarter valued at about $109,000. Palo Capital Inc. acquired a new position in shares of Goldman Sachs Group in the 3rd quarter valued at about $109,000. First Mercantile Trust Co. acquired a new position in shares of Goldman Sachs Group in the 2nd quarter valued at about $110,000. Finally, Asset Advisors Investment Management LLC acquired a new position in shares of Goldman Sachs Group in the 3rd quarter valued at about $115,000. Institutional investors and hedge funds own 71.32% of the company’s stock.
Several brokerages have recently issued reports on GS. Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Societe Generale raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. BMO Capital Markets boosted their price objective on Goldman Sachs Group from $261.00 to $276.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued a “buy” rating and issued a $280.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, July 17th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $281.84.
NYSE GS opened at $229.69 on Monday. The stock has a market capitalization of $86.72 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.15. Goldman Sachs Group Inc has a twelve month low of $208.40 and a twelve month high of $275.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.63.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, topping analysts’ consensus estimates of $5.38 by $0.90. The company had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.43 billion. Goldman Sachs Group had a return on equity of 13.57% and a net margin of 16.68%. Goldman Sachs Group’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.02 EPS. As a group, equities research analysts expect that Goldman Sachs Group Inc will post 25.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a yield of 1.39%. Goldman Sachs Group’s payout ratio is 16.19%.
About Goldman Sachs Group
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.
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