Sciencast Management LP acquired a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 5,950 shares of the investment management company’s stock, valued at approximately $1,194,000.
A number of other hedge funds and other institutional investors have also modified their holdings of GS. WP Advisors LLC acquired a new stake in shares of Goldman Sachs Group during the first quarter worth about $202,000. Ridgewood Investments LLC raised its position in Goldman Sachs Group by 21.1% during the first quarter. Ridgewood Investments LLC now owns 6,640 shares of the investment management company’s stock valued at $1,275,000 after acquiring an additional 1,156 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC raised its position in Goldman Sachs Group by 64.2% during the first quarter. Landsberg Bennett & Dubbaneh LLC now owns 17,489 shares of the investment management company’s stock valued at $3,513,000 after acquiring an additional 6,838 shares in the last quarter. First Manhattan Co. raised its position in Goldman Sachs Group by 2.4% during the first quarter. First Manhattan Co. now owns 4,577 shares of the investment management company’s stock valued at $879,000 after acquiring an additional 108 shares in the last quarter. Finally, Northwest Wealth Management LLC raised its position in Goldman Sachs Group by 45.8% during the first quarter. Northwest Wealth Management LLC now owns 875 shares of the investment management company’s stock valued at $168,000 after acquiring an additional 275 shares in the last quarter. 70.11% of the stock is owned by institutional investors and hedge funds.
GS has been the subject of several recent research reports. Wells Fargo & Co reduced their price target on Goldman Sachs Group from $305.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, December 18th. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 19th. Credit Suisse Group reiterated an “outperform” rating and set a $250.00 price target (down from $258.00) on shares of Goldman Sachs Group in a research report on Monday, December 24th. TheStreet cut Goldman Sachs Group from a “b-” rating to a “c+” rating in a research report on Wednesday, December 26th. Finally, Barclays reiterated an “equal weight” rating and set a $247.00 price target (down from $289.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $246.23.
Goldman Sachs Group stock opened at $199.91 on Tuesday. The company has a market capitalization of $76.23 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $262.25. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.92 and a quick ratio of 0.92.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating the Zacks’ consensus estimate of $4.89 by $0.82. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business’s revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $6.95 earnings per share. As a group, equities analysts predict that Goldman Sachs Group Inc will post 22.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $0.85 dividend. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.70%. Goldman Sachs Group’s payout ratio is currently 12.66%.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.41% of the company’s stock.
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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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