Lido Advisors LLC increased its stake in Goldman Sachs Group Inc (NYSE:GS) by 60.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,880 shares of the investment management company’s stock after acquiring an additional 706 shares during the period. Lido Advisors LLC’s holdings in Goldman Sachs Group were worth $473,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in GS. Icon Wealth Partners LLC purchased a new position in Goldman Sachs Group in the fourth quarter worth $113,000. Cerebellum GP LLC purchased a new position in Goldman Sachs Group in the fourth quarter worth $122,000. Prime Capital Investment Advisors LLC purchased a new position in Goldman Sachs Group in the fourth quarter worth $127,000. We Are One Seven LLC purchased a new position in Goldman Sachs Group in the fourth quarter worth $137,000. Finally, Crewe Advisors LLC grew its position in Goldman Sachs Group by 65.5% in the first quarter. Crewe Advisors LLC now owns 581 shares of the investment management company’s stock worth $146,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.
GS has been the subject of several research reports. Wells Fargo & Co set a $330.00 target price on shares of Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, March 22nd. Sanford C. Bernstein began coverage on shares of Goldman Sachs Group in a research report on Monday, April 9th. They set an “outperform” rating and a $300.00 price target for the company. Oppenheimer upped their price target on shares of Goldman Sachs Group from $280.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, April 18th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Finally, Morgan Stanley upped their price target on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $266.78.
Shares of Goldman Sachs Group opened at $236.10 on Friday, MarketBeat reports. The stock has a market cap of $89.83 billion, a PE ratio of 11.95, a PEG ratio of 0.82 and a beta of 1.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.12. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $275.31.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, beating the consensus estimate of $5.58 by $1.37. The firm had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $8.73 billion. Goldman Sachs Group had a net margin of 14.27% and a return on equity of 12.58%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.15 earnings per share. equities analysts anticipate that Goldman Sachs Group Inc will post 23.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.36%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, May 30th. Goldman Sachs Group’s dividend payout ratio is 15.18%.
In other news, insider David M. Solomon sold 3,497 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total transaction of $854,666.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.57% of the company’s stock.
Goldman Sachs Group 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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