Clarius Group LLC boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,980 shares of the investment management company’s stock after acquiring an additional 165 shares during the quarter. Clarius Group LLC’s holdings in Goldman Sachs Group were worth $731,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Advantage Investment Management LLC acquired a new position in Goldman Sachs Group in the 3rd quarter valued at $29,000. B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Goldman Sachs Group in the third quarter valued at approximately $32,000. Marquette Asset Management LLC increased its stake in shares of Goldman Sachs Group by 91.5% in the third quarter. Marquette Asset Management LLC now owns 157 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. NuWave Investment Management LLC increased its stake in shares of Goldman Sachs Group by 370.9% in the third quarter. NuWave Investment Management LLC now owns 259 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 204 shares during the period. Finally, Manchester Financial Inc. acquired a new stake in shares of Goldman Sachs Group in the fourth quarter valued at approximately $57,000. 69.61% of the stock is owned by institutional investors.
GS has been the subject of a number of research reports. Piper Sandler raised their target price on shares of Goldman Sachs Group from to and gave the stock an “overweight” rating in a report on Friday, January 10th. Royal Bank of Canada set a $220.00 target price on shares of Goldman Sachs Group and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Citigroup upgraded shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $220.00 to $255.00 in a report on Monday, December 16th. Wells Fargo & Co restated an “overweight” rating and set a $280.00 price target (up previously from $240.00) on shares of Goldman Sachs Group in a report on Tuesday, December 17th. Finally, DA Davidson started coverage on shares of Goldman Sachs Group in a report on Wednesday, January 8th. They issued a “buy” rating and a $272.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Goldman Sachs Group has a consensus rating of “Buy” and an average target price of $261.53.
Shares of NYSE:GS traded up $0.92 on Wednesday, hitting $246.62. 56,445 shares of the company were exchanged, compared to its average volume of 2,557,371. The company’s 50 day moving average price is $232.57 and its two-hundred day moving average price is $216.29. Goldman Sachs Group Inc has a one year low of $180.73 and a one year high of $250.46. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.78 and a current ratio of 1.28. The firm has a market capitalization of $88.33 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.17 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $4.69 earnings per share for the quarter, missing the consensus estimate of $5.20 by ($0.51). Goldman Sachs Group had a net margin of 15.70% and a return on equity of 10.27%. The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $8.56 billion. During the same quarter last year, the firm posted $6.04 earnings per share. Goldman Sachs Group’s revenue was up 23.2% on a year-over-year basis. Research analysts predict that Goldman Sachs Group Inc will post 24.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, February 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.03%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 23.78%.
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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