KCS Wealth Advisory increased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 38.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,418 shares of the investment management company’s stock after buying an additional 1,498 shares during the period. KCS Wealth Advisory’s holdings in Goldman Sachs Group were worth $1,040,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Zweig DiMenna Associates LLC acquired a new stake in Goldman Sachs Group in the first quarter worth about $4,358,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Goldman Sachs Group by 144.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 13,060 shares of the investment management company’s stock worth $2,495,000 after acquiring an additional 7,707 shares in the last quarter. Klingenstein Fields & Co. LLC boosted its holdings in Goldman Sachs Group by 38.2% in the first quarter. Klingenstein Fields & Co. LLC now owns 7,266 shares of the investment management company’s stock worth $1,395,000 after acquiring an additional 2,007 shares in the last quarter. YHB Investment Advisors Inc. boosted its holdings in Goldman Sachs Group by 9.9% in the first quarter. YHB Investment Advisors Inc. now owns 20,019 shares of the investment management company’s stock worth $3,843,000 after acquiring an additional 1,811 shares in the last quarter. Finally, NTV Asset Management LLC boosted its holdings in Goldman Sachs Group by 5.7% in the first quarter. NTV Asset Management LLC now owns 4,141 shares of the investment management company’s stock worth $795,000 after acquiring an additional 225 shares in the last quarter. 67.85% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on GS. Odeon Capital Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Bank of America reiterated a “hold” rating and set a $212.00 price target on shares of Goldman Sachs Group in a research report on Monday, April 15th. Finally, HSBC set a $202.00 price target on Goldman Sachs Group and gave the company a “neutral” rating in a research report on Thursday, April 4th. Two 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. Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $239.91.
Shares of Goldman Sachs Group stock traded up $1.03 during trading hours on Friday, hitting $193.00. The company’s stock had a trading volume of 1,637,200 shares, compared to its average volume of 3,065,273. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.84. The firm has a market cap of $70.23 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. Goldman Sachs Group Inc has a twelve month low of $151.70 and a twelve month high of $245.08.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $5.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.79% and a net margin of 25.13%. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the previous year, the business earned $6.95 EPS. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. As a group, equities analysts expect that Goldman Sachs Group Inc will post 23.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $0.85 per share. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, May 29th. This represents a $3.40 annualized dividend and a yield of 1.76%. Goldman Sachs Group’s dividend payout ratio is 12.66%.
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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