ZWJ Investment Counsel Inc. increased its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 57.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,382 shares of the investment management company’s stock after buying an additional 1,962 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,236,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. First American Trust FSB boosted its position in shares of Goldman Sachs Group, Inc. (The) by 13.6% in the first quarter. First American Trust FSB now owns 26,270 shares of the investment management company’s stock worth $6,034,000 after buying an additional 3,139 shares in the last quarter. Bridges Investment Counsel Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $275,000. Bonness Enterprises Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $988,000. Bridges Investment Management Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $2,142,000. Finally, First Financial Bank N.A. Trust Division boosted its position in shares of Goldman Sachs Group, Inc. (The) by 10.8% in the first quarter. First Financial Bank N.A. Trust Division now owns 14,510 shares of the investment management company’s stock worth $3,333,000 after buying an additional 1,411 shares in the last quarter. 74.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Goldman Sachs Group, Inc. (GS) opened at 218.18 on Tuesday. The stock has a 50 day moving average of $223.05 and a 200 day moving average of $230.84. Goldman Sachs Group, Inc. has a 52-week low of $155.37 and a 52-week high of $255.15. The company has a market cap of $87.90 billion, a price-to-earnings ratio of 11.44 and a beta of 1.42.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates 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 for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $3.72 earnings per share. On average, equities research 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 stock repurchase plan 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. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. Goldman Sachs Group, Inc. (The)’s payout ratio is presently 15.74%.
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A number of brokerages have recently issued reports on GS. UBS AG reiterated a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Keefe, Bruyette & Woods set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Saturday, May 6th. Oppenheimer Holdings, Inc. lifted their price objective on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Berenberg Bank reiterated a “sell” rating and set a $190.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Friday. Finally, Capital One Financial Corporation reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price 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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