Chicago Partners Investment Group LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 1,052 shares of the investment management company’s stock after buying an additional 3 shares during the period. Chicago Partners Investment Group LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $242,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in GS. YorkBridge Wealth Partners LLC increased its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock worth $144,000 after buying an additional 2 shares during the period. Quadrant Capital Group LLC increased its stake in Goldman Sachs Group, Inc. (The) by 11.5% in the first quarter. Quadrant Capital Group LLC now owns 875 shares of the investment management company’s stock worth $192,000 after buying an additional 90 shares during the period. Wealthsource Partners LLC purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth about $207,000. Haverford Trust Co. purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth about $210,000. Finally, Balasa Dinverno & Foltz LLC increased its stake in Goldman Sachs Group, Inc. (The) by 0.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 924 shares of the investment management company’s stock worth $212,000 after buying an additional 7 shares during the period. Hedge funds and other institutional investors own 74.20% of the company’s stock.
Goldman Sachs Group, Inc. (NYSE GS) opened at 218.18 on Tuesday. The stock has a market cap of $87.90 billion, a P/E ratio of 11.44 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. The company has a 50-day moving average price of $223.05 and a 200-day moving average price of $230.84.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $3.72 earnings per share. On average, 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 authorized a share repurchase program on Tuesday, April 18th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the investment management company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared 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 annualized dividend and a dividend yield of 1.38%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.
A number of research firms have issued reports on GS. UBS AG reissued a “buy” rating and set a $285.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Saturday, May 6th. Oppenheimer Holdings, Inc. boosted their price target on Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Berenberg Bank reissued a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday. Finally, Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) currently has an average rating of “Hold” and a consensus price target of $235.25.
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.
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