Penserra Capital Management LLC increased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 63.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,319 shares of the investment management company’s stock after purchasing an additional 1,674 shares during the quarter. Penserra Capital Management LLC’s holdings in Goldman Sachs Group were worth $1,086,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ETRADE Capital Management LLC grew its holdings in 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 buying an additional 1,169 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in Goldman Sachs Group in the 4th quarter valued at $27,652,000. Wealthfront Inc. grew its holdings in Goldman Sachs Group by 18.3% in the 4th quarter. Wealthfront Inc. now owns 14,428 shares of the investment management company’s stock valued at $3,676,000 after buying an additional 2,232 shares in the last quarter. Circle Wealth Management LLC grew its holdings in Goldman Sachs Group by 17.6% in the 4th quarter. Circle Wealth Management LLC now owns 47,702 shares of the investment management company’s stock valued at $12,153,000 after buying an additional 7,122 shares in the last quarter. Finally, Ferris Capital LLC grew its holdings in Goldman Sachs Group by 43.2% in the 4th quarter. Ferris Capital LLC now owns 4,971 shares of the investment management company’s stock valued at $1,266,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.
Goldman Sachs Group traded down $0.06, hitting $233.39, during mid-day trading on Friday, according to MarketBeat. 2,252,876 shares of the stock were exchanged, compared to its average volume of 3,369,522. Goldman Sachs Group Inc has a 1-year low of $214.64 and a 1-year high of $275.31. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.12. The firm has a market cap of $87.72 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.80 and a beta of 1.33.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.58 by $1.37. Goldman Sachs Group had a return on equity of 12.58% and a net margin of 14.27%. The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the company earned $5.15 EPS. Goldman Sachs Group’s revenue was up 25.0% on a year-over-year basis. research analysts forecast that Goldman Sachs Group Inc will post 23.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be given a $0.80 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $3.20 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.75. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 16.19%.
Several analysts have issued reports on GS shares. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $294.00 target price for the company in a report on Tuesday, March 20th. Wells Fargo & Co set a $330.00 target price on Goldman Sachs Group and gave the company a “buy” rating in a report on Sunday, April 8th. JPMorgan Chase & Co. restated a “buy” rating and issued a $280.00 target price on shares of Goldman Sachs Group in a report on Thursday, March 15th. Bank of America restated a “buy” rating and issued a $300.00 target price (up from $249.30) on shares of Goldman Sachs Group in a report on Monday, February 12th. Finally, Vetr upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price target for the company in a report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $266.78.
In other Goldman Sachs Group news, insider David M. Solomon sold 3,497 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total value of $854,666.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.57% of the stock is owned by company insiders.
Goldman Sachs Group 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.
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