State of Tennessee Treasury Department grew its holdings in Goldman Sachs Group Inc (NYSE:GS) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,866 shares of the investment management company’s stock after purchasing an additional 23,192 shares during the quarter. State of Tennessee Treasury Department owned about 0.06% of Goldman Sachs Group worth $52,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in GS. Emerald Advisers LLC bought a new stake in Goldman Sachs Group in the 4th quarter valued at about $25,000. B & T Capital Management DBA Alpha Capital Management bought a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $32,000. Marquette Asset Management LLC increased its holdings in Goldman Sachs Group by 91.5% during the 3rd quarter. Marquette Asset Management LLC now owns 157 shares of the investment management company’s stock worth $33,000 after purchasing an additional 75 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in Goldman Sachs Group during the 4th quarter worth approximately $33,000. Finally, Oakworth Capital Inc. increased its holdings in Goldman Sachs Group by 48.3% during the 4th quarter. Oakworth Capital Inc. now owns 178 shares of the investment management company’s stock worth $42,000 after purchasing an additional 58 shares in the last quarter. 69.50% of the stock is currently owned by institutional investors.
A number of brokerages have commented on GS. Piper Sandler boosted their price objective on Goldman Sachs Group from to and gave the stock an “overweight” rating in a report on Friday, January 10th. Citigroup boosted their price objective on Goldman Sachs Group from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Royal Bank of Canada set a $220.00 price objective on Goldman Sachs Group and gave the stock a “neutral” rating in a report on Wednesday, January 8th. JMP Securities raised Goldman Sachs Group from a “market perform” rating to an “outperform” rating and set a $290.00 price objective for the company in a report on Monday, January 13th. Finally, ValuEngine lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $266.41.
Shares of NYSE:GS traded down $1.27 during trading on Friday, hitting $237.08. 1,700,688 shares of the company were exchanged, compared to its average volume of 3,117,950. The company has a market cap of $84.05 billion, a PE ratio of 11.29, a P/E/G ratio of 1.11 and a beta of 1.33. The stock has a 50 day moving average of $239.35 and a 200 day moving average of $219.41. Goldman Sachs Group Inc has a 52-week low of $180.73 and a 52-week high of $250.46. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.28 and a quick ratio of 0.78.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.20 by ($0.51). The company had revenue of $9.96 billion for the quarter, compared to analysts’ expectations of $8.56 billion. Goldman Sachs Group had a return on equity of 10.27% and a net margin of 15.70%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.04 EPS. Sell-side analysts forecast that Goldman Sachs Group Inc will post 24.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, February 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.11%. Goldman Sachs Group’s dividend payout ratio is currently 23.78%.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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