Welch Group LLC lifted its position in Goldman Sachs Group Inc (NYSE:GS) by 53.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,339 shares of the investment management company’s stock after buying an additional 816 shares during the quarter. Welch Group LLC’s holdings in Goldman Sachs Group were worth $449,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Goldman Sachs Group by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 24,669,387 shares of the investment management company’s stock valued at $5,531,864,000 after buying an additional 307,849 shares during the period. Vanguard Group Inc raised its holdings in shares of Goldman Sachs Group by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 24,669,387 shares of the investment management company’s stock valued at $5,531,864,000 after buying an additional 307,849 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Goldman Sachs Group by 17,481.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock valued at $100,000 after buying an additional 16,546,702 shares during the period. Jennison Associates LLC raised its holdings in shares of Goldman Sachs Group by 17.8% in the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock valued at $786,929,000 after buying an additional 710,479 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Goldman Sachs Group by 3.1% in the 4th quarter. Northern Trust Corp now owns 4,301,885 shares of the investment management company’s stock valued at $718,630,000 after buying an additional 129,610 shares during the period. Hedge funds and other institutional investors own 70.11% of the company’s stock.
GS has been the topic of several recent research reports. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Oppenheimer upped their price target on Goldman Sachs Group from $257.00 to $272.00 and gave the stock an “outperform” rating in a report on Thursday, January 17th. Societe Generale downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Credit Suisse Group restated an “outperform” rating and set a $250.00 price target (down previously from $258.00) on shares of Goldman Sachs Group in a report on Monday, December 24th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $250.08.
Shares of NYSE:GS traded down $7.93 on Monday, hitting $199.91. 6,614,086 shares of the company’s stock were exchanged, compared to its average volume of 3,292,994. The stock has a market cap of $74.39 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.31 and a beta of 1.22. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $262.25. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.92 and a current ratio of 0.92.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.89. The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.68 EPS. On average, equities research analysts predict that Goldman Sachs Group Inc will post 23.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a dividend yield of 1.70%. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.
In other news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.41% of the company’s stock.
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Goldman Sachs Group Company 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.
Further Reading: Asset Allocation, Balancing Your Investments
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