Raymond James & Associates grew its position in Goldman Sachs Group Inc (NYSE:GS) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,786 shares of the investment management company’s stock after purchasing an additional 2,713 shares during the period. Raymond James & Associates owned approximately 0.05% of Goldman Sachs Group worth $51,408,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC acquired a new position in Goldman Sachs Group during the 4th quarter worth approximately $113,000. Cerebellum GP LLC acquired a new position in Goldman Sachs Group during the 4th quarter worth approximately $122,000. Prime Capital Investment Advisors LLC acquired a new position in Goldman Sachs Group during the 4th quarter worth approximately $127,000. Westside Investment Management Inc. lifted its position in Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after acquiring an additional 450 shares in the last quarter. Finally, Halbert Hargrove Russell LLC acquired a new position in Goldman Sachs Group during the 3rd quarter worth approximately $200,000. 73.28% of the stock is currently owned by institutional investors and hedge funds.
In related news, Vice Chairman Pablo J. Salame sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $270.42, for a total transaction of $2,704,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 4,400 shares of the business’s stock in a transaction that occurred 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. Insiders have sold a total of 83,548 shares of company stock valued at $22,064,172 in the last 90 days. Insiders own 2.57% of the company’s stock.
Several research firms recently commented on GS. Barclays reissued an “equal weight” rating and set a $289.00 price target (down from $308.00) on shares of Goldman Sachs Group in a research report on Thursday, January 18th. BMO Capital Markets dropped their price objective on Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a report on Thursday, January 18th. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price objective on the stock in a report on Thursday, February 8th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Goldman Sachs Group in a report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $257.06.
Shares of Goldman Sachs Group Inc (NYSE GS) opened at $268.53 on Wednesday. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $275.31. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $103,853.51, a P/E ratio of 13.81, a PEG ratio of 0.98 and a beta of 1.33.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.66% and a net margin of 13.36%. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the previous year, the business earned $5.08 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. sell-side analysts predict that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. Goldman Sachs Group’s dividend payout ratio is currently 34.84%.
About Goldman Sachs Group
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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