Quadrature Capital Ltd Takes $5.76 Million Position in Goldman Sachs Group Inc (GS)

Quadrature Capital Ltd acquired a new position in shares of Goldman Sachs Group Inc (NYSE:GS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,572 shares of the investment management company’s stock, valued at approximately $5,755,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gs Investments Inc. purchased a new position in Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Cerebellum GP LLC purchased a new position in Goldman Sachs Group during the 4th quarter worth approximately $122,000. Westside Investment Management Inc. grew its position in Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares in the last quarter. Howe & Rusling Inc. purchased a new position in Goldman Sachs Group during the 3rd quarter worth approximately $142,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Goldman Sachs Group by 1.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock valued at $159,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Several equities analysts have recently commented on GS shares. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a report on Tuesday, November 7th. Bank of America boosted their price target on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Vertical Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Barclays boosted their price target on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $257.06.

Shares of Goldman Sachs Group Inc (GS) opened at $266.77 on Friday. The stock has a market cap of $98,611.79, a price-to-earnings ratio of 30.98, a P/E/G ratio of 0.94 and a beta of 1.37. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $273.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. Goldman Sachs Group’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.08 earnings per share. analysts anticipate that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is presently 34.84%.

In other Goldman Sachs Group news, insider R. Martin Chavez sold 11,829 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total transaction of $3,066,313.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian J. Lee sold 6,738 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total transaction of $1,778,292.96. The disclosure for this sale can be found here. Insiders sold 79,148 shares of company stock valued at $20,896,544 over the last quarter. 2.57% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://ledgergazette.com/2018/02/24/quadrature-capital-ltd-takes-5-76-million-position-in-goldman-sachs-group-inc-gs.html.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply