Salem Investment Counselors Inc. held its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, according to its most recent filing with the SEC. The firm owned 4,688 shares of the investment management company’s stock at the end of the first quarter. Salem Investment Counselors Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,077,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of GS. Janus Capital Management LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 5.4% in the first quarter. Janus Capital Management LLC now owns 1,087,746 shares of the investment management company’s stock valued at $249,857,000 after buying an additional 55,710 shares in the last quarter. First Financial Equity Corporation purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $464,000. Waddell & Reed Financial Inc. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 5.2% in the first quarter. Waddell & Reed Financial Inc. now owns 1,417,755 shares of the investment management company’s stock valued at $325,686,000 after buying an additional 69,626 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $1,142,000. Finally, Tudor Investment Corp ET AL increased its stake in shares of Goldman Sachs Group, Inc. (The) by 1,213.8% in the first quarter. Tudor Investment Corp ET AL now owns 15,766 shares of the investment management company’s stock valued at $3,622,000 after buying an additional 14,566 shares in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.
Goldman Sachs Group, Inc. (NYSE GS) traded down 0.23% during midday trading on Friday, hitting $222.47. 2,232,476 shares of the company were exchanged. The stock has a 50 day moving average of $225.12 and a 200-day moving average of $228.90. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15. The stock has a market capitalization of $86.37 billion, a price-to-earnings ratio of 11.66 and a beta of 1.42.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Zacks’ 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 11.27%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the prior year, the firm posted $3.72 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts expect that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.
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Several brokerages have recently commented on GS. BidaskClub downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research restated a “neutral” rating and issued a $243.00 target price (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Wells Fargo & Company began coverage on Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 target price for the company. Berenberg Bank restated a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Credit Suisse Group raised their target price on Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and an average target price of $235.44.
In related news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 4,590 shares of the stock in a transaction on 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 sale, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock worth $5,956,868 over the last three months. 2.57% of the stock is currently owned by insiders.
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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