Lido Advisors LLC boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 60.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the investment management company’s stock after acquiring an additional 706 shares during the period. Lido Advisors LLC’s holdings in Goldman Sachs Group were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of GS. ETRADE Capital Management LLC raised its position in shares of Goldman Sachs Group by 43.0% in the 4th quarter. ETRADE Capital Management LLC now owns 3,886 shares of the investment management company’s stock valued at $990,000 after purchasing an additional 1,169 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Goldman Sachs Group during the 4th quarter worth approximately $27,652,000. Wealthfront Inc. raised its position in Goldman Sachs Group by 18.3% during the 4th quarter. Wealthfront Inc. now owns 14,428 shares of the investment management company’s stock worth $3,676,000 after buying an additional 2,232 shares during the last quarter. Circle Wealth Management LLC raised its position in Goldman Sachs Group by 17.6% during the 4th quarter. Circle Wealth Management LLC now owns 47,702 shares of the investment management company’s stock worth $12,153,000 after buying an additional 7,122 shares during the last quarter. Finally, Ferris Capital LLC grew its stake in shares of Goldman Sachs Group by 43.2% during the 4th quarter. Ferris Capital LLC now owns 4,971 shares of the investment management company’s stock worth $1,266,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 72.46% of the company’s stock.
Shares of Goldman Sachs Group stock opened at $233.39 on Friday. Goldman Sachs Group Inc has a one year low of $214.64 and a one year high of $275.31. The stock has a market cap of $87.72 billion, a PE ratio of 11.81, a P/E/G ratio of 0.80 and a beta of 1.33. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.92 and a quick ratio of 0.92.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, topping the Zacks’ consensus estimate of $5.58 by $1.37. The business had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $8.73 billion. Goldman Sachs Group had a return on equity of 12.58% and a net margin of 14.27%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.15 earnings per share. sell-side analysts predict that Goldman Sachs Group Inc will post 23.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 31st will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.37%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, May 30th. Goldman Sachs Group’s dividend payout ratio is 16.19%.
In related news, insider David M. Solomon sold 3,497 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total value of $854,666.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.57% of the company’s stock.
A number of brokerages have recently commented on GS. Zacks Investment Research cut shares of Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $245.00 price objective (up previously from $221.00) on shares of Goldman Sachs Group in a research note on Wednesday, April 18th. Buckingham Research lifted their price target on shares of Goldman Sachs Group from $285.00 to $292.00 and gave the company a “neutral” rating in a research note on Tuesday, April 17th. ValuEngine cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. Finally, Sanford C. Bernstein assumed coverage on shares of Goldman Sachs Group in a research note on Monday, April 9th. They issued an “outperform” rating and a $300.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company. The company 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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