RPg Family Wealth Advisory LLC raised its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 1,136.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,360 shares of the investment management company’s stock after buying an additional 1,250 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Goldman Sachs Group were worth $227,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of Goldman Sachs Group by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 44,436 shares of the investment management company’s stock worth $9,964,000 after purchasing an additional 374 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Goldman Sachs Group by 12.6% during the third quarter. Systematic Financial Management LP now owns 21,028 shares of the investment management company’s stock worth $4,715,000 after purchasing an additional 2,360 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Goldman Sachs Group during the third quarter worth about $728,000. Montag A & Associates Inc. grew its holdings in shares of Goldman Sachs Group by 57.1% during the third quarter. Montag A & Associates Inc. now owns 2,888 shares of the investment management company’s stock worth $648,000 after purchasing an additional 1,050 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Goldman Sachs Group by 24.6% during the third quarter. MML Investors Services LLC now owns 13,372 shares of the investment management company’s stock worth $2,999,000 after purchasing an additional 2,641 shares in the last quarter. 68.39% of the stock is owned by institutional investors and hedge funds.
Shares of GS opened at $198.26 on Friday. The company has a market capitalization of $72.72 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.24 and a beta of 1.23. The company has a quick ratio of 0.91, a current ratio of 0.92 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 $269.85.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.89. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.48 billion. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. Goldman Sachs Group’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.68 earnings per share. Sell-side analysts anticipate that Goldman Sachs Group Inc will post 23.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, February 27th. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory K. Palm sold 16,451 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.
Several research analysts have recently commented on GS shares. Bank of America cut their price objective on Goldman Sachs Group to $280.00 in a report on Sunday, December 2nd. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a report on Thursday, December 13th. Wells Fargo & Co reissued a “buy” rating and set a $250.00 price objective (up previously from $235.00) on shares of Goldman Sachs Group in a report on Wednesday, January 16th. Finally, Morgan Stanley lowered Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 price objective for the company. in a report on Wednesday, November 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $255.54.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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