North Star Investment Management Corp. boosted its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 24.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,592 shares of the investment management company’s stock after buying an additional 696 shares during the period. North Star Investment Management Corp.’s holdings in Goldman Sachs Group, Inc. (The) were worth $797,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Carret Asset Management LLC increased its stake in Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock valued at $4,698,000 after buying an additional 113 shares during the last quarter. Amarillo National Bank purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $238,000. Wells Fargo & Company MN increased its stake in Goldman Sachs Group, Inc. (The) by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock valued at $500,319,000 after buying an additional 130,825 shares during the last quarter. Aspen Investment Management Inc increased its stake in Goldman Sachs Group, Inc. (The) by 1.7% in the fourth quarter. Aspen Investment Management Inc now owns 3,004 shares of the investment management company’s stock valued at $719,000 after buying an additional 50 shares during the last quarter. Finally, Integrated Wealth Management increased its stake in Goldman Sachs Group, Inc. (The) by 30.1% in the first quarter. Integrated Wealth Management now owns 1,183 shares of the investment management company’s stock valued at $272,000 after buying an additional 274 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.
Goldman Sachs Group, Inc. (NYSE:GS) opened at 220.18 on Friday. The stock has a market cap of $88.71 billion, a PE ratio of 11.54 and a beta of 1.42. Goldman Sachs Group, Inc. has a 12 month low of $155.37 and a 12 month high of $255.15. The stock has a 50 day moving average price of $222.76 and a 200-day moving average price of $231.25.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.25%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter in the previous year, the firm earned $3.72 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.28 EPS for the current year.
Goldman Sachs Group, Inc. (The) declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 18th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the investment management company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.36%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.
Several equities research analysts have recently weighed in on GS shares. Vetr downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “strong sell” rating and set a $175.30 price objective for the company. in a report on Thursday, April 6th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Royal Bank Of Canada decreased their price objective on Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating for the company in a report on Tuesday, April 18th. Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. Finally, J P Morgan Chase & Co reissued a “buy” rating and issued a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) presently has an average rating of “Hold” and an average target price of $237.54.
About Goldman Sachs Group, Inc. (The)
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.
Receive News & Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.
