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%.
COPYRIGHT VIOLATION WARNING: “Quadrature Capital Ltd Acquires New Stake in Goldman Sachs Group Inc (GS)” was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2018/02/24/quadrature-capital-ltd-acquires-new-stake-in-goldman-sachs-group-inc-gs.html.
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.
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.