Main Street Research LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 6.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 39,706 shares of the investment management company’s stock after buying an additional 2,305 shares during the period. Main Street Research LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $8,811,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Quadrature Capital Ltd purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter worth $7,102,000. Aspen Investment Management Inc boosted its position 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 worth $719,000 after buying an additional 50 shares during the period. Teachers Advisors LLC boosted its position in Goldman Sachs Group, Inc. (The) by 27.2% in the fourth quarter. Teachers Advisors LLC now owns 1,421,066 shares of the investment management company’s stock worth $340,274,000 after buying an additional 303,579 shares during the period. Kentucky Retirement Systems purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter worth $6,426,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter worth $2,867,000. Institutional investors own 74.35% of the company’s stock.
Goldman Sachs Group, Inc. (GS) opened at 220.18 on Friday. The company’s 50-day moving average is $222.76 and its 200 day moving average is $231.25. The company has a market capitalization of $88.71 billion, a P/E ratio of 11.54 and a beta of 1.42. Goldman Sachs Group, Inc. has a one year low of $155.37 and a one year high of $255.15.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.47 billion. During the same period last year, the business earned $3.72 earnings per share. Goldman Sachs Group, Inc. (The)’s revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Goldman Sachs Group, Inc. will post $18.28 earnings per share for the current year.
Goldman Sachs Group, Inc. (The) announced that its board has initiated a stock buyback program on Tuesday, April 18th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the investment management company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.36%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.
GS has been the topic of a number of analyst reports. HSBC Holdings plc restated a “buy” rating and set a $291.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, March 27th. Vetr upgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $235.71 target price on the stock in a research note on Monday, March 27th. Credit Suisse Group restated a “buy” rating and set a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 5th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, April 6th. Finally, Royal Bank Of Canada lowered their target price on shares of Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) presently has an average rating of “Hold” and a consensus target price of $237.54.
Goldman Sachs Group, Inc. (The) 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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