Northwestern Mutual Wealth Management Co. lessened its position in Goldman Sachs Group Inc (NYSE:GS) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,220 shares of the investment management company’s stock after selling 245 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Goldman Sachs Group were worth $1,578,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Toth Financial Advisory Corp boosted its position in shares of Goldman Sachs Group by 100.0% during the first 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 last quarter. Capital Financial Planning LLC bought a new position in Goldman Sachs Group during the fourth quarter valued at $26,000. CNB Bank lifted its position in Goldman Sachs Group by 108.4% during the first quarter. CNB Bank now owns 173 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 90 shares during the last quarter. Liberty Wealth Management LLC bought a new position in Goldman Sachs Group during the fourth quarter valued at $29,000. Finally, Loeb Partners Corp bought a new position in Goldman Sachs Group during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Several research firms have commented on GS. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $235.00 price objective on shares of Goldman Sachs Group in a research report on Tuesday, April 16th. TheStreet lowered shares of Goldman Sachs Group from a “b-” rating to a “c” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 target price for the company in a report on Tuesday. Finally, Bank of America restated a “hold” rating and issued a $212.00 target price on shares of Goldman Sachs Group in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $240.73.
Shares of Goldman Sachs Group stock traded up $0.95 on Wednesday, reaching $197.01. The stock had a trading volume of 1,625,297 shares, compared to its average volume of 2,900,537. The firm’s 50 day moving average price is $193.54. The stock has a market cap of $71.89 billion, a PE ratio of 7.80, a P/E/G ratio of 1.28 and a beta of 1.27. 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 1 year low of $151.70 and a 1 year high of $245.08.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.97. The company 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%. Goldman Sachs Group’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the business earned $6.95 EPS. As a group, equities research analysts anticipate that Goldman Sachs Group Inc will post 22.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date is Wednesday, May 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.73%. Goldman Sachs Group’s dividend payout ratio (DPR) is 13.45%.
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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