James Investment Research Inc. grew its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 68.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,610 shares of the investment management company’s stock after buying an additional 5,540 shares during the period. James Investment Research Inc.’s holdings in Goldman Sachs Group were worth $3,129,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its holdings in shares of Goldman Sachs Group by 7.9% during the third quarter. Parametric Portfolio Associates LLC now owns 1,161,281 shares of the investment management company’s stock valued at $240,652,000 after acquiring an additional 85,012 shares in the last quarter. Maj Invest Holding A S grew its position in Goldman Sachs Group by 0.8% in the 3rd quarter. Maj Invest Holding A S now owns 910,900 shares of the investment management company’s stock valued at $188,763,000 after purchasing an additional 6,801 shares during the period. California Public Employees Retirement System grew its position in Goldman Sachs Group by 25.1% in the 3rd quarter. California Public Employees Retirement System now owns 766,626 shares of the investment management company’s stock valued at $158,868,000 after purchasing an additional 154,044 shares during the period. Voya Investment Management LLC grew its position in Goldman Sachs Group by 13.6% in the 3rd quarter. Voya Investment Management LLC now owns 633,597 shares of the investment management company’s stock valued at $131,300,000 after purchasing an additional 75,627 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Goldman Sachs Group by 10.4% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 545,121 shares of the investment management company’s stock valued at $112,966,000 after purchasing an additional 51,228 shares in the last quarter. 69.61% of the stock is owned by institutional investors.
GS opened at $241.92 on Friday. Goldman Sachs Group Inc has a fifty-two week low of $180.73 and a fifty-two week high of $250.46. The firm has a market capitalization of $85.66 billion, a P/E ratio of 11.52, a PEG ratio of 1.15 and a beta of 1.37. The company’s 50-day moving average is $234.35 and its 200 day moving average is $216.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.28 and a quick ratio of 0.78.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $4.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.20 by ($0.51). The firm had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $8.56 billion. Goldman Sachs Group had a return on equity of 10.27% and a net margin of 15.70%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.04 earnings per share. On average, equities research analysts expect that Goldman Sachs Group Inc will post 24.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $1.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.07%. Goldman Sachs Group’s payout ratio is presently 23.78%.
GS has been the topic of several research reports. Credit Suisse Group upped their price objective on shares of Goldman Sachs Group from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Bank of America raised shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $245.00 to $270.00 in a research report on Thursday, January 9th. Royal Bank of Canada set a $220.00 target price on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Barclays restated a “hold” rating and issued a $267.00 target price on shares of Goldman Sachs Group in a report on Tuesday, January 7th. Finally, Buckingham Research raised shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $219.00 to $290.00 in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $261.53.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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