CSat Investment Advisory L.P. bought a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,903 shares of the investment management company’s stock, valued at approximately $4,390,000. Goldman Sachs Group comprises about 2.3% of CSat Investment Advisory L.P.’s holdings, making the stock its 14th biggest position.
A number of other large investors also recently made changes to their positions in the business. Stephens Inc. AR boosted its holdings in shares of Goldman Sachs Group by 10.2% during the first quarter. Stephens Inc. AR now owns 9,542 shares of the investment management company’s stock worth $2,403,000 after purchasing an additional 881 shares during the last quarter. Advisor Partners LLC boosted its holdings in shares of Goldman Sachs Group by 5.3% during the first quarter. Advisor Partners LLC now owns 9,254 shares of the investment management company’s stock worth $2,331,000 after purchasing an additional 469 shares during the last quarter. Baskin Financial Services Inc. boosted its holdings in shares of Goldman Sachs Group by 2.6% during the first quarter. Baskin Financial Services Inc. now owns 45,557 shares of the investment management company’s stock worth $11,474,000 after purchasing an additional 1,163 shares during the last quarter. Exchange Capital Management Inc. boosted its holdings in shares of Goldman Sachs Group by 9.4% during the first quarter. Exchange Capital Management Inc. now owns 12,584 shares of the investment management company’s stock worth $3,169,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Bedel Financial Consulting Inc. acquired a new stake in shares of Goldman Sachs Group during the first quarter worth $161,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.
Shares of GS opened at $237.66 on Wednesday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $89.79 billion, a P/E ratio of 10.06, a PEG ratio of 0.75 and a beta of 1.28. Goldman Sachs Group Inc has a twelve month low of $214.64 and a twelve month high of $275.31.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.32. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.74 billion. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted $3.95 EPS. equities research analysts expect that Goldman Sachs Group Inc will post 24.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 16.19%.
In other Goldman Sachs Group news, insider David M. Solomon sold 8,488 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total value of $2,019,464.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David M. Solomon sold 8,382 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.
Several equities research analysts have recently issued reports on GS shares. Oppenheimer raised their price objective on Goldman Sachs Group from $304.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $260.00 price objective on the stock in a report on Tuesday, June 19th. JPMorgan Chase & Co. restated a “buy” rating and set a $280.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, July 17th. ValuEngine cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $273.41.
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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