Cambridge Investment Research Advisors Inc. Purchases 1,151 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Cambridge Investment Research Advisors Inc. increased its stake in Goldman Sachs by 2.4% in the fourth quarter, buying 1,151 additional shares and bringing its total holdings to 49,709 shares worth about $43.7 million.
• Goldman Sachs reported better-than-expected quarterly results, posting EPS of $17.55 versus estimates of $15.92 and revenue of $17.23 billion, up 14.4% from a year earlier.
• The company also announced a quarterly dividend of $4.50 per share, payable June 29, which annualizes to $18.00 per share and implies a 1.9% yield.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,709 shares of the investment management company's stock after acquiring an additional 1,151 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in The Goldman Sachs Group were worth $43,694,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Acropolis Investment Management LLC grew its holdings in The Goldman Sachs Group by 1.8% during the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company's stock worth $554,000 after acquiring an additional 11 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in The Goldman Sachs Group by 2.0% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock worth $505,000 after acquiring an additional 11 shares during the last quarter. Optas LLC grew its holdings in The Goldman Sachs Group by 0.4% during the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company's stock worth $2,244,000 after acquiring an additional 11 shares during the last quarter. Pines Wealth Management LLC grew its holdings in The Goldman Sachs Group by 0.4% during the 4th quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company's stock worth $2,255,000 after acquiring an additional 11 shares during the last quarter. Finally, Terra Nova Asset Management LLC grew its holdings in The Goldman Sachs Group by 0.5% during the 4th quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company's stock worth $2,329,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.1%

GS opened at $949.89 on Monday. The firm's fifty day moving average is $878.61 and its two-hundred day moving average is $878.95. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $280.23 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.28. The Goldman Sachs Group, Inc. has a twelve month low of $582.50 and a twelve month high of $984.70.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $14.12 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group's dividend payout ratio (DPR) is 32.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GS shares. Daiwa Securities Group increased their price objective on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. BNP Paribas Exane cut their target price on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a "neutral" rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group cut their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $942.24.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs lowered its 12-month U.S. recession probability to 25% from 30%, citing a resilient labor market and solid economic activity. That suggests a healthier macro backdrop for banks and markets overall. Goldman Slashes Recession Risk Odds as Labor Market Remains Resilient
• Neutral Sentiment: Goldman Sachs analysts remained active across several names, including Buy ratings on Telefonica, MercadoLibre, Insulet, Marathon Petroleum, UnitedHealth and ORIC Pharma, showing the firm continues to influence market sentiment but without direct impact on GS itself.
• Neutral Sentiment: There were also multiple media references to Goldman strategists warning that the recent market rally and volatility setup could imply more upside, but those commentary pieces were market-wide in nature and not specific to Goldman Sachs stock.
• Negative Sentiment: Financial stocks were weaker in afternoon trading, with the NYSE Financial Index down about 0.5%, which likely pressured Goldman Sachs shares along with the broader sector. Sector Update: Financial Stocks Lower in Afternoon Trading

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at approximately $5,889,079.46. This trade represents a 61.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alex S. Golten sold 1,116 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, the insider owned 2,578 shares in the company, valued at $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 26,824 shares of company stock worth $25,062,242. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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