Quadrant Private Wealth Management LLC bought a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,001 shares of the investment management company’s stock, valued at approximately $221,000.
Several other institutional investors have also made changes to their positions in GS. First Mercantile Trust Co. bought a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $110,000. Crewe Advisors LLC boosted its position in shares of Goldman Sachs Group by 65.5% during the 1st quarter. Crewe Advisors LLC now owns 581 shares of the investment management company’s stock valued at $146,000 after purchasing an additional 230 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Goldman Sachs Group during the 1st quarter valued at about $151,000. Squar Milner Financial Services LLC bought a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $157,000. Finally, Bedel Financial Consulting Inc. bought a new stake in shares of Goldman Sachs Group during the 1st quarter valued at about $161,000. Institutional investors own 72.60% of the company’s stock.
Several equities research analysts recently commented on the company. ValuEngine lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Societe Generale upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. JPMorgan Chase & Co. restated a “buy” rating and set a $280.00 target price on shares of Goldman Sachs Group in a research report on Tuesday, July 17th. Finally, Oppenheimer upped their target price on Goldman Sachs Group from $304.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $273.41.
Goldman Sachs Group opened at $229.61 on Friday, Marketbeat.com reports. Goldman Sachs Group Inc has a fifty-two week low of $214.64 and a fifty-two week high of $275.31. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.92 and a current ratio of 0.90. The company has a market cap of $88.27 billion, a P/E ratio of 11.62, a PEG ratio of 0.74 and a beta of 1.31.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $1.32. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $8.74 billion. During the same period in the prior year, the business earned $3.95 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. equities research analysts forecast that Goldman Sachs Group Inc will post 24.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 16.19%.
Goldman Sachs Group Profile
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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