Canton Hathaway LLC grew its stake in Goldman Sachs Group Inc (NYSE:GS) by 109.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,625 shares of the investment management company’s stock after acquiring an additional 850 shares during the quarter. Canton Hathaway LLC’s holdings in Goldman Sachs Group were worth $311,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Capital Financial Planning LLC purchased a new position in shares of Goldman Sachs Group in the fourth quarter worth $26,000. Liberty Wealth Management LLC purchased a new position in shares of Goldman Sachs Group in the fourth quarter worth $29,000. Loeb Partners Corp purchased a new position in shares of Goldman Sachs Group in the fourth quarter worth $33,000. Riverview Trust Co purchased a new position in shares of Goldman Sachs Group in the fourth quarter worth $33,000. Finally, Claybrook Capital LLC raised its stake in shares of Goldman Sachs Group by 300.0% in the fourth quarter. Claybrook Capital LLC now owns 200 shares of the investment management company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. 70.11% of the stock is currently owned by institutional investors and hedge funds.
Goldman Sachs Group stock opened at $202.98 on Thursday. The firm has a market cap of $73.58 billion, a P/E ratio of 8.03, a PEG ratio of 1.29 and a beta of 1.22. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.92 and a quick ratio of 0.92. Goldman Sachs Group Inc has a one year low of $151.70 and a one year high of $262.50.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, February 27th. Goldman Sachs Group’s payout ratio is 12.66%.
GS has been the subject of a number of research reports. Barclays reiterated an “equal weight” rating and set a $247.00 price objective (down previously from $289.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 2nd. Societe Generale cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Morgan Stanley cut Goldman Sachs Group to a “sell” rating in a research report on Monday, February 4th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a research report on Monday, January 21st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $251.08.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.41% of the company’s stock.
Goldman Sachs Group Company 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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