Cambridge Investment Research Advisors Inc. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,648 shares of the investment management company's stock after purchasing an additional 14,652 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in The Goldman Sachs Group were worth $28,761,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in GS. Brighton Jones LLC boosted its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after purchasing an additional 508 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $32,815,000. Revolve Wealth Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $583,000. Finally, Highview Capital Management LLC DE raised its position in The Goldman Sachs Group by 4.7% during the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after acquiring an additional 171 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at The Goldman Sachs Group
In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.
The Goldman Sachs Group Stock Performance
Shares of NYSE:GS traded up $18.47 during trading on Thursday, reaching $688.34. The stock had a trading volume of 2,848,497 shares, compared to its average volume of 2,378,521. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $690.13. The firm has a market capitalization of $211.21 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 0.91 and a beta of 1.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a fifty day simple moving average of $594.71 and a two-hundred day simple moving average of $586.40.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter last year, the company posted $11.58 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.74%. The Goldman Sachs Group's payout ratio is 27.85%.
Analyst Ratings Changes
GS has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Royal Bank Of Canada cut their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research report on Friday, April 4th. Finally, Evercore ISI cut their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $595.67.
Check Out Our Latest Stock Report on GS
The Goldman Sachs Group Profile
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Free Report)
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.
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