Security Asset Management bought a new stake in Goldman Sachs Group Inc (NYSE:GS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 378 shares of the investment management company’s stock, valued at approximately $87,000.
Other large investors have also recently modified their holdings of the company. Advantage Investment Management LLC bought a new position in shares of Goldman Sachs Group during the third quarter worth approximately $29,000. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of Goldman Sachs Group during the third quarter worth approximately $32,000. Marquette Asset Management LLC increased its holdings in shares of Goldman Sachs Group by 91.5% during the third quarter. Marquette Asset Management LLC now owns 157 shares of the investment management company’s stock worth $33,000 after purchasing an additional 75 shares during the period. Savior LLC bought a new position in shares of Goldman Sachs Group during the fourth quarter worth approximately $43,000. Finally, NuWave Investment Management LLC increased its holdings in shares of Goldman Sachs Group by 370.9% during the third quarter. NuWave Investment Management LLC now owns 259 shares of the investment management company’s stock worth $53,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 69.61% of the company’s stock.
Shares of NYSE GS traded down $3.66 during trading hours on Friday, hitting $241.92. 2,876,889 shares of the stock were exchanged, compared to its average volume of 2,815,287. 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 company has a market cap of $85.66 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.37. The company’s fifty day simple moving average is $234.35 and its two-hundred day simple moving average is $216.85. Goldman Sachs Group Inc has a 1-year low of $180.73 and a 1-year high of $250.46.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $4.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.20 by ($0.51). The firm had revenue of $9.96 billion for the quarter, compared to analyst estimates of $8.56 billion. Goldman Sachs Group had a return on equity of 10.27% and a net margin of 15.70%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.04 EPS. As a group, sell-side analysts expect that Goldman Sachs Group Inc will post 24.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. Goldman Sachs Group’s dividend payout ratio is currently 23.78%.
Several research analysts have recently commented on the stock. Wells Fargo & Co reaffirmed an “overweight” rating and set a $280.00 target price (up from $240.00) on shares of Goldman Sachs Group in a report on Tuesday, December 17th. 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. Bank of America raised shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $245.00 to $270.00 in a report on Thursday, January 9th. Royal Bank of Canada set a $220.00 target price on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, Oppenheimer reduced their price target on shares of Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Buy” and an average target price of $261.53.
Goldman Sachs Group Profile
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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