James Investment Research Inc. reduced its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 39.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,530 shares of the investment management company’s stock after selling 3,590 shares during the period. James Investment Research Inc.’s holdings in Goldman Sachs Group were worth $1,062,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Capital Financial Planning LLC acquired a new stake in shares of Goldman Sachs Group in the 4th quarter worth $26,000. Toth Financial Advisory Corp lifted its stake in shares of Goldman Sachs Group by 100.0% in the 1st quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Liberty Wealth Management LLC acquired a new stake in shares of Goldman Sachs Group in the 4th quarter worth $29,000. Loeb Partners Corp acquired a new stake in shares of Goldman Sachs Group in the 4th quarter worth $33,000. Finally, Riverview Trust Co acquired a new stake in shares of Goldman Sachs Group in the 4th quarter worth $33,000. 69.93% of the stock is currently owned by institutional investors.
Shares of NYSE GS traded down $3.59 during midday trading on Wednesday, hitting $195.52. The company had a trading volume of 2,178,553 shares, compared to its average volume of 3,078,625. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.84. Goldman Sachs Group Inc has a twelve month low of $151.70 and a twelve month high of $245.08. The stock has a market capitalization of $72.23 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.24.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.97. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.79%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $6.95 earnings per share. Equities research analysts expect that Goldman Sachs Group Inc will post 23.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.40 dividend on an annualized basis and a yield of 1.74%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s payout ratio is presently 12.66%.
Several analysts have recently commented on the stock. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine upgraded shares of Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Bank of America restated a “hold” rating and issued a $212.00 target price on shares of Goldman Sachs Group in a research note on Monday, April 15th. Finally, HSBC set a $202.00 price objective on shares of Goldman Sachs Group and gave the company a “neutral” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $239.91.
About Goldman Sachs Group
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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