Barings LLC maintained its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,228 shares of the investment management company’s stock at the end of the first quarter. Barings LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $5,566,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Baker Avenue Asset Management LP raised its position in Goldman Sachs Group, Inc. (The) by 2.3% in the first quarter. Baker Avenue Asset Management LP now owns 15,856 shares of the investment management company’s stock worth $3,642,000 after buying an additional 356 shares in the last quarter. Fiduciary Trust Co. raised its position in Goldman Sachs Group, Inc. (The) by 3.4% in the first quarter. Fiduciary Trust Co. now owns 45,010 shares of the investment management company’s stock worth $10,340,000 after buying an additional 1,498 shares in the last quarter. Colonial Trust Advisors raised its position in Goldman Sachs Group, Inc. (The) by 8.0% in the first quarter. Colonial Trust Advisors now owns 12,806 shares of the investment management company’s stock worth $2,878,000 after buying an additional 950 shares in the last quarter. Shelton Capital Management raised its position in Goldman Sachs Group, Inc. (The) by 67.1% in the first quarter. Shelton Capital Management now owns 31,900 shares of the investment management company’s stock worth $7,328,000 after buying an additional 12,810 shares in the last quarter. Finally, National Asset Management Inc. raised its position in Goldman Sachs Group, Inc. (The) by 109.5% in the first quarter. National Asset Management Inc. now owns 2,057 shares of the investment management company’s stock worth $473,000 after buying an additional 1,075 shares in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Goldman Sachs Group, Inc. (GS) traded down 0.011% during mid-day trading on Friday, hitting $222.965. 1,004,566 shares of the stock traded hands. The company’s 50 day moving average is $225.23 and its 200 day moving average is $229.02. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The firm has a market capitalization of $86.56 billion, a P/E ratio of 11.690 and a beta of 1.42.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same quarter in the previous year, the firm earned $3.72 earnings per share. Goldman Sachs Group, Inc. (The)’s revenue was down .6% on a year-over-year basis. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.
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 issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.
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A number of research firms recently commented on GS. HSBC Holdings plc lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and raised their price objective for the stock from $223.80 to $250.00 in a research note on Friday, August 11th. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price objective for the company. BidaskClub raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. UBS AG lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $220.19 to $230.00 in a research note on Monday, July 24th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $190.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $235.44.
In other news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the transaction, the director now owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock valued at $5,956,868 in the last three months. 2.57% of the stock is owned by insiders.
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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