Farmers & Merchants Investments Inc. increased its holdings in Goldman Sachs Group Inc (NYSE:GS) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,427 shares of the investment management company’s stock after acquiring an additional 929 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Goldman Sachs Group were worth $3,922,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Goldman Sachs Group by 17,481.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock valued at $100,000 after buying an additional 16,546,702 shares during the last quarter. Norges Bank purchased a new stake in shares of Goldman Sachs Group during the 4th quarter worth approximately $474,398,000. Lakewood Capital Management LP purchased a new stake in shares of Goldman Sachs Group during the 4th quarter worth approximately $136,480,000. Jennison Associates LLC increased its stake in shares of Goldman Sachs Group by 17.8% during the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after purchasing an additional 710,479 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Goldman Sachs Group by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock worth $715,573,000 after purchasing an additional 411,700 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.
Several equities research analysts have recently issued reports on GS shares. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Oppenheimer raised their price target on shares of Goldman Sachs Group from $257.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, January 17th. Societe Generale lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley decreased their price target on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $239.91.
In related news, EVP Dane E. Holmes sold 1,489 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.41% of the stock is currently owned by company insiders.
GS opened at $203.08 on Monday. The company has a market capitalization of $74.48 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.30 and a beta of 1.22. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $245.88. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 2.50.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.97. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.35%. Goldman Sachs Group’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the firm earned $6.95 EPS. On average, equities analysts expect that Goldman Sachs Group Inc will post 23.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $0.85 dividend. The ex-dividend date is Wednesday, May 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 1.67%. Goldman Sachs Group’s dividend payout ratio (DPR) is 12.66%.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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