Capital Analysts LLC raised its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,724 shares of the investment management company’s stock after acquiring an additional 272 shares during the quarter. Capital Analysts LLC’s holdings in Goldman Sachs Group were worth $2,586,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. South State Corp raised its holdings in shares of Goldman Sachs Group by 7.1% during the second quarter. South State Corp now owns 30,342 shares of the investment management company’s stock valued at $6,108,000 after purchasing an additional 2,003 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Goldman Sachs Group during the second quarter valued at about $8,111,000. Global Financial Private Capital LLC raised its holdings in shares of Goldman Sachs Group by 31.3% during the second quarter. Global Financial Private Capital LLC now owns 2,300 shares of the investment management company’s stock valued at $507,000 after purchasing an additional 548 shares during the period. KBC Group NV raised its holdings in shares of Goldman Sachs Group by 120.5% during the second quarter. KBC Group NV now owns 143,306 shares of the investment management company’s stock valued at $31,609,000 after purchasing an additional 78,319 shares during the period. Finally, Sadoff Investment Management LLC acquired a new position in shares of Goldman Sachs Group during the second quarter valued at about $204,000. 72.60% of the stock is currently owned by institutional investors and hedge funds.
GS opened at $237.83 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.61. Goldman Sachs Group Inc has a fifty-two week low of $214.64 and a fifty-two week high of $275.31. The stock has a market capitalization of $88.42 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.74 and a beta of 1.31.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.66 by $1.32. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.07%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.74 billion. During the same quarter in the prior year, the business posted $3.95 EPS. The firm’s revenue was up 19.2% compared to the same quarter last year. equities analysts forecast that Goldman Sachs Group Inc will post 24.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.35%. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.
Several equities analysts have recently weighed in on the stock. Oppenheimer upped their price objective on shares of Goldman Sachs Group from $280.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, April 18th. Credit Suisse Group upped their price objective on shares of Goldman Sachs Group from $274.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, April 18th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Wednesday, April 18th. Royal Bank of Canada reiterated a “neutral” rating and set a $265.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, April 17th. Finally, Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “strong-buy” rating and set a $292.00 price objective on the stock in a report on Friday, April 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $272.18.
In other Goldman Sachs Group news, insider David M. Solomon sold 8,382 shares of the stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total value of $1,945,294.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 8,488 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The disclosure for this sale can be found here. Insiders sold a total of 20,367 shares of company stock worth $4,819,426 in the last 90 days. 1.71% of the stock is currently owned by company insiders.
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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