Cypress Capital Management LLC purchased a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,121 shares of the investment management company’s stock, valued at approximately $286,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Gs Investments Inc. purchased a new stake in Goldman Sachs Group in the 2nd quarter worth approximately $111,000. Cerebellum GP LLC purchased a new stake in Goldman Sachs Group in the 4th quarter worth approximately $122,000. Westside Investment Management Inc. lifted its stake in Goldman Sachs Group by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in Goldman Sachs Group in the 3rd quarter worth approximately $142,000. Finally, TLP Group LLC purchased a new stake in Goldman Sachs Group in the 2nd quarter worth approximately $152,000. Institutional investors and hedge funds own 73.28% of the company’s stock.
A number of equities analysts have recently commented on GS shares. Morgan Stanley increased their price target on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $320.00 price target on shares of Goldman Sachs Group in a report on Thursday, January 25th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a report on Tuesday, December 19th. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Barclays increased their price target on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $256.75.
Goldman Sachs Group Inc (NYSE:GS) opened at $253.16 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $273.79. The company has a market cap of $94,036.34, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.90 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the firm earned $5.08 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. research analysts forecast that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is currently 34.84%.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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