Citizens Financial Group Inc. RI Boosts Stake in The Goldman Sachs Group, Inc. $GS

Citizens Financial Group Inc. RI boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,682 shares of the investment management company’s stock after acquiring an additional 559 shares during the period. Citizens Financial Group Inc. RI’s holdings in The Goldman Sachs Group were worth $41,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GS. Dagco Inc. purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $25,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $31,000. Graney & King LLC boosted its position in shares of The Goldman Sachs Group by 51.5% during the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 17 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of The Goldman Sachs Group by 114.3% during the 3rd quarter. True Wealth Design LLC now owns 45 shares of the investment management company’s stock valued at $36,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 2.0%

NYSE GS opened at $923.94 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.10 and a quick ratio of 0.66. The stock has a market capitalization of $272.55 billion, a P/E ratio of 16.88, a PEG ratio of 1.17 and a beta of 1.32. The firm’s 50-day moving average is $869.26 and its two-hundred day moving average is $866.35. The Goldman Sachs Group, Inc. has a 12 month low of $545.50 and a 12 month high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business earned $14.12 earnings per share. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GS shares. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Daiwa Securities Group decreased their target price on shares of The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Barclays increased their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Rothschild & Co Redburn lifted their price target on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Finally, HSBC decreased their price objective on The Goldman Sachs Group from $802.00 to $729.00 in a report on Wednesday, April 1st. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $922.71.

Get Our Latest Analysis on The Goldman Sachs Group

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 2,704 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $960.99, for a total transaction of $2,598,516.96. Following the transaction, the executive vice president directly owned 9,428 shares in the company, valued at $9,060,213.72. This represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the transaction, the insider owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,001 shares of company stock valued at $30,367,306 over the last quarter. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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