Quent Capital LLC Has $1.16 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Quent Capital LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,127 shares of the investment management company’s stock after purchasing an additional 32 shares during the period. Quent Capital LLC’s holdings in The Goldman Sachs Group were worth $1,162,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GS. Legacy Private Trust Co. raised its stake in The Goldman Sachs Group by 2.1% in the first quarter. Legacy Private Trust Co. now owns 11,091 shares of the investment management company’s stock valued at $6,059,000 after buying an additional 228 shares during the period. Versant Capital Management Inc raised its stake in The Goldman Sachs Group by 83.6% in the first quarter. Versant Capital Management Inc now owns 1,030 shares of the investment management company’s stock valued at $563,000 after buying an additional 469 shares during the period. Park National Corp OH raised its stake in The Goldman Sachs Group by 13.5% in the first quarter. Park National Corp OH now owns 421 shares of the investment management company’s stock valued at $230,000 after buying an additional 50 shares during the period. Kera Capital Partners Inc. raised its stake in The Goldman Sachs Group by 4.9% in the first quarter. Kera Capital Partners Inc. now owns 623 shares of the investment management company’s stock valued at $340,000 after buying an additional 29 shares during the period. Finally, Modus Advisors LLC raised its stake in The Goldman Sachs Group by 25.1% in the first quarter. Modus Advisors LLC now owns 1,350 shares of the investment management company’s stock valued at $738,000 after buying an additional 271 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Evercore ISI dropped their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Finally, Barclays lowered their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 0.6%

Shares of NYSE:GS opened at $604.91 on Friday. The company has a market capitalization of $185.61 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50 day simple moving average is $550.42 and its 200 day simple moving average is $582.24.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter last year, the business posted $11.58 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.