BlackRock Inc. decreased its position in Goldman Sachs (NYSE:GS) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,715,798 shares of the investment management company’s stock after selling 23,104 shares during the quarter. BlackRock Inc. owned 6.28% of Goldman Sachs worth $5,973,063,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. ETRADE Capital Management LLC grew its position in shares of Goldman Sachs by 43.0% during the fourth quarter. ETRADE Capital Management LLC now owns 3,886 shares of the investment management company’s stock worth $990,000 after buying an additional 1,169 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Goldman Sachs during the fourth quarter worth approximately $27,652,000. Wealthfront Inc. grew its position in shares of Goldman Sachs by 18.3% during the fourth quarter. Wealthfront Inc. now owns 14,428 shares of the investment management company’s stock worth $3,676,000 after buying an additional 2,232 shares in the last quarter. Circle Wealth Management LLC grew its position in shares of Goldman Sachs by 17.6% during the fourth quarter. Circle Wealth Management LLC now owns 47,702 shares of the investment management company’s stock worth $12,153,000 after buying an additional 7,122 shares in the last quarter. Finally, Ferris Capital LLC grew its position in shares of Goldman Sachs by 43.2% during the fourth quarter. Ferris Capital LLC now owns 4,971 shares of the investment management company’s stock worth $1,266,000 after buying an additional 1,500 shares in the last quarter. 73.48% of the stock is owned by institutional investors.
Shares of Goldman Sachs opened at $237.00 on Monday, according to MarketBeat.com. Goldman Sachs has a 12-month low of $209.62 and a 12-month high of $275.31. The firm has a market cap of $89.52 billion, a P/E ratio of 11.99, a PEG ratio of 0.82 and a beta of 1.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.12.
Goldman Sachs (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, beating analysts’ consensus estimates of $5.58 by $1.37. The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $8.73 billion. Goldman Sachs had a return on equity of 12.58% and a net margin of 14.27%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business posted $5.15 earnings per share. analysts predict that Goldman Sachs will post 23.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.35%. This is a boost from Goldman Sachs’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, May 30th. Goldman Sachs’s dividend payout ratio (DPR) is presently 15.18%.
A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Goldman Sachs from a “buy” rating to a “hold” rating in a research report on Saturday, April 21st. Zacks Investment Research raised shares of Goldman Sachs from a “hold” rating to a “strong-buy” rating and set a $292.00 price target for the company in a research report on Friday, April 20th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Goldman Sachs in a research report on Wednesday, April 18th. Credit Suisse Group raised their price target on shares of Goldman Sachs from $274.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 18th. Finally, Oppenheimer raised their price target on shares of Goldman Sachs from $280.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $266.78.
In other Goldman Sachs news, EVP John F.W. Rogers sold 4,400 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $265.37, for a total value of $1,167,628.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David M. Solomon sold 3,497 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total value of $854,666.80. The disclosure for this sale can be found here. Insiders sold 14,635 shares of company stock worth $3,800,588 over the last quarter. 2.57% of the stock is currently owned by company insiders.
Goldman Sachs Company 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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