Quadrature Capital Ltd Acquires New Stake in Goldman Sachs Group Inc (GS)

Quadrature Capital Ltd acquired a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) in the fourth quarter, HoldingsChannel reports. The firm acquired 22,572 shares of the investment management company’s stock, valued at approximately $5,755,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Gs Investments Inc. acquired a new position in Goldman Sachs Group in the second quarter worth about $111,000. Cerebellum GP LLC acquired a new position in Goldman Sachs Group in the fourth quarter worth about $122,000. Westside Investment Management Inc. raised its position in Goldman Sachs Group by 450.0% in the third 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. acquired a new position in Goldman Sachs Group in the third quarter worth about $142,000. Finally, Quadrant Capital Group LLC raised its position in Goldman Sachs Group by 1.5% in the second quarter. Quadrant Capital Group LLC now owns 888 shares of the investment management company’s stock worth $159,000 after purchasing an additional 13 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

In related news, insider R. Martin Chavez sold 11,829 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $268.73, for a total value of $3,178,807.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David A. Viniar sold 17,500 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $251.19, for a total transaction of $4,395,825.00. The disclosure for this sale can be found here. Insiders have sold 79,148 shares of company stock worth $20,896,544 over the last three months. 2.57% of the stock is owned by insiders.

Several brokerages have weighed in on GS. Vining Sparks reaffirmed a “hold” rating and set a $270.00 price objective on shares of Goldman Sachs Group in a research note on Monday, January 8th. Barclays reaffirmed an “equal weight” rating and set a $289.00 price objective (down from $308.00) on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price objective on the stock in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research note on Tuesday, January 9th. Finally, Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $257.06.

Shares of Goldman Sachs Group Inc (NYSE GS) opened at $266.77 on Friday. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $273.79. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $98,611.79, a P/E ratio of 30.98, a PEG ratio of 0.94 and a beta of 1.37.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.12%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.84%.

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

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