Homestead Advisers Corp raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,536 shares of the investment management company's stock after acquiring an additional 2,500 shares during the quarter. The Goldman Sachs Group makes up 3.7% of Homestead Advisers Corp's investment portfolio, making the stock its 2nd largest holding. Homestead Advisers Corp owned 0.09% of The Goldman Sachs Group worth $152,051,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in The Goldman Sachs Group in the third quarter worth $1,189,000. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the third quarter worth about $34,000. FMR LLC boosted its holdings in The Goldman Sachs Group by 21.9% during the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company's stock valued at $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $206,000. Finally, Avestar Capital LLC boosted its stake in The Goldman Sachs Group by 8.8% in the 3rd quarter. Avestar Capital LLC now owns 1,824 shares of the investment management company's stock valued at $903,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.
The Goldman Sachs Group Price Performance
GS traded down $2.28 on Monday, reaching $540.84. The stock had a trading volume of 818,454 shares, compared to its average volume of 2,273,688. The firm has a 50-day moving average of $608.15 and a 200-day moving average of $572.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $168.76 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the business earned $5.48 EPS. The firm's revenue was up 22.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group's payout ratio is 29.59%.
Insider Buying and Selling at The Goldman Sachs Group
In related news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company's stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.55% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on GS shares. UBS Group boosted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Barclays lifted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $590.60.
Check Out Our Latest Report on The Goldman Sachs Group
About The Goldman Sachs Group
(
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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