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.
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.
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