Cetera Investment Advisers decreased its stake in Goldman Sachs (NYSE:GS) by 24.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,613 shares of the investment management company’s stock after selling 1,162 shares during the period. Cetera Investment Advisers’ holdings in Goldman Sachs were worth $913,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Segment Wealth Management LLC lifted its holdings in shares of Goldman Sachs by 1.1% in the 4th quarter. Segment Wealth Management LLC now owns 19,279 shares of the investment management company’s stock worth $4,912,000 after purchasing an additional 210 shares during the last quarter. Doyle Wealth Management lifted its holdings in shares of Goldman Sachs by 0.5% in the 4th quarter. Doyle Wealth Management now owns 46,078 shares of the investment management company’s stock worth $11,739,000 after purchasing an additional 211 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Goldman Sachs by 13.1% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 1,816 shares of the investment management company’s stock worth $457,000 after purchasing an additional 211 shares during the last quarter. Quadrant Capital Management LLC lifted its holdings in shares of Goldman Sachs by 1.7% in the 4th quarter. Quadrant Capital Management LLC now owns 12,807 shares of the investment management company’s stock worth $3,263,000 after purchasing an additional 215 shares during the last quarter. Finally, Cpwm LLC lifted its holdings in shares of Goldman Sachs by 12.0% in the 4th quarter. Cpwm LLC now owns 2,059 shares of the investment management company’s stock worth $525,000 after purchasing an additional 221 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Goldman Sachs opened at $238.00 on Wednesday, Marketbeat reports. Goldman Sachs has a 1 year low of $209.62 and a 1 year high of $275.31. The firm has a market cap of $89.52 billion, a PE ratio of 12.04, a PEG ratio of 0.82 and a beta of 1.38. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.92 and a current ratio of 0.92.
Goldman Sachs (NYSE:GS) last issued its quarterly earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.58 by $1.37. Goldman Sachs had a return on equity of 12.58% and a net margin of 14.27%. The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the firm earned $5.15 EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. research analysts expect that Goldman Sachs will post 23.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This is a boost from Goldman Sachs’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 1.34%. Goldman Sachs’s dividend payout ratio (DPR) is 15.18%.
Several analysts recently issued reports on GS shares. Zacks Investment Research raised Goldman Sachs from a “hold” rating to a “buy” rating and set a $294.00 price target on the stock in a report on Tuesday, March 20th. Wells Fargo & Co set a $330.00 price target on Goldman Sachs and gave the stock a “buy” rating in a report on Sunday, April 8th. JPMorgan Chase reissued a “buy” rating and issued a $280.00 price target on shares of Goldman Sachs in a report on Thursday, March 15th. Bank of America restated a “buy” rating and issued a $300.00 target price (up from $249.30) on shares of Goldman Sachs in a research report on Monday, February 12th. Finally, Vetr upgraded Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 target price on the stock in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $266.78.
In other news, insider David M. Solomon sold 3,497 shares of Goldman Sachs stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total transaction of $854,666.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 4,400 shares of Goldman Sachs stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.
Goldman Sachs 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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