Blue Fin Capital Inc. grew its position in Goldman Sachs Group Inc (NYSE:GS) by 63.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,759 shares of the investment management company’s stock after acquiring an additional 680 shares during the quarter. Blue Fin Capital Inc.’s holdings in Goldman Sachs Group were worth $443,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. DnB Asset Management AS boosted its position in shares of Goldman Sachs Group by 3.3% during the 4th quarter. DnB Asset Management AS now owns 38,510 shares of the investment management company’s stock worth $9,811,000 after acquiring an additional 1,217 shares in the last quarter. First American Trust FSB lifted its holdings in shares of Goldman Sachs Group by 22.3% in the 4th quarter. First American Trust FSB now owns 23,582 shares of the investment management company’s stock valued at $6,008,000 after purchasing an additional 4,300 shares during the last quarter. Trust Co lifted its holdings in shares of Goldman Sachs Group by 29.5% in the 3rd quarter. Trust Co now owns 6,972 shares of the investment management company’s stock valued at $1,654,000 after purchasing an additional 1,588 shares during the last quarter. KCS Wealth Advisory purchased a new stake in shares of Goldman Sachs Group in the 4th quarter valued at about $773,000. Finally, Private Trust Co. NA raised its stake in Goldman Sachs Group by 5.7% during the 4th quarter. Private Trust Co. NA now owns 5,605 shares of the investment management company’s stock valued at $1,427,000 after acquiring an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.
Goldman Sachs Group stock traded up $2.47 during mid-day trading on Friday, hitting $228.35. The company’s stock had a trading volume of 3,330,852 shares, compared to its average volume of 3,417,154. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $86.56 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.38. Goldman Sachs Group Inc has a twelve month low of $211.91 and a twelve month high of $275.31.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 earnings per share for the quarter, topping the 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 analysts’ expectations of $8.73 billion. During the same period in the previous year, the company posted $5.15 EPS. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. equities analysts predict that Goldman Sachs Group Inc will post 23.27 EPS for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a yield of 1.40%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, May 30th. Goldman Sachs Group’s payout ratio is presently 16.19%.
In other news, insider David M. Solomon sold 3,497 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total transaction of $854,666.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.57% of the company’s stock.
Several research firms have issued reports on GS. Credit Suisse Group boosted their target price on Goldman Sachs Group from $274.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 18th. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price target on the stock in a report on Thursday, February 8th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “strong-buy” rating and set a $292.00 price target on the stock in a report on Friday, April 20th. Morgan Stanley increased their target price on Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “neutral” rating and set a $265.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, April 17th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $266.78.
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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