Summit Trail Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 277.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,230 shares of the investment management company's stock after purchasing an additional 14,876 shares during the period. The Goldman Sachs Group makes up about 0.4% of Summit Trail Advisors LLC's holdings, making the stock its 28th largest holding. Summit Trail Advisors LLC's holdings in The Goldman Sachs Group were worth $11,052,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of The Goldman Sachs Group by 6.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 268,770 shares of the investment management company's stock valued at $146,826,000 after purchasing an additional 16,431 shares during the period. Clear Creek Financial Management LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $321,000. RoundAngle Advisors LLC boosted its position in The Goldman Sachs Group by 8.3% in the 1st quarter. RoundAngle Advisors LLC now owns 2,737 shares of the investment management company's stock valued at $1,495,000 after buying an additional 210 shares during the period. Vontobel Holding Ltd. grew its stake in shares of The Goldman Sachs Group by 35.6% in the first quarter. Vontobel Holding Ltd. now owns 37,869 shares of the investment management company's stock worth $20,687,000 after acquiring an additional 9,934 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its position in shares of The Goldman Sachs Group by 3,175.0% during the first quarter. Salomon & Ludwin LLC now owns 131 shares of the investment management company's stock worth $72,000 after acquiring an additional 127 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.
The Goldman Sachs Group Stock Performance
NYSE GS traded down $1.52 during trading on Tuesday, reaching $706.23. The company's stock had a trading volume of 3,299,600 shares, compared to its average volume of 2,385,991. The business's fifty day moving average price is $602.45 and its 200-day moving average price is $587.92. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $714.30. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $216.70 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 0.94 and a beta of 1.32.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 earnings per share. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.70%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.
Wall Street Analyst Weigh In
GS has been the subject of a number of recent research reports. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Citigroup dropped their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Morgan Stanley lifted their price target on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a report on Monday, June 23rd. Finally, Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $595.67.
Get Our Latest Stock Report on The Goldman Sachs Group
Insider Buying and Selling
In other news, Director John B. Hess bought 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, with a total value of $1,997,598.72. Following the completion of the acquisition, the director directly owned 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company's stock.
The Goldman Sachs Group Company 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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