New Mexico Educational Retirement Board cut its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,839 shares of the investment management company’s stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Goldman Sachs Group were worth $5,537,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in Goldman Sachs Group by 17,481.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after acquiring an additional 16,546,702 shares during the last quarter. Norges Bank purchased a new stake in Goldman Sachs Group in the 4th quarter worth about $474,398,000. Lakewood Capital Management LP purchased a new stake in Goldman Sachs Group in the 4th quarter worth about $136,480,000. Jennison Associates LLC increased its holdings in Goldman Sachs Group by 17.8% in the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after acquiring an additional 710,479 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Goldman Sachs Group by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock worth $715,573,000 after acquiring an additional 411,700 shares during the last quarter. 70.11% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on GS. BMO Capital Markets decreased their price objective on Goldman Sachs Group from $262.00 to $260.00 and set a “market perform” rating for the company in a report on Tuesday. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. JPMorgan Chase & Co. set a $235.00 price objective on Goldman Sachs Group and gave the stock a “buy” rating in a report on Tuesday. HSBC set a $202.00 price objective on Goldman Sachs Group and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Bank of America reissued a “hold” rating and issued a $212.00 price objective on shares of Goldman Sachs Group in a report on Monday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $245.85.
Shares of NYSE GS opened at $201.84 on Wednesday. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $262.25. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $73.32 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.29 and a beta of 1.22.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping the consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.35% and a net margin of 25.13%. The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter last year, the company earned $6.95 EPS. The firm’s revenue was down 12.6% compared to the same quarter last year. On average, equities analysts forecast that Goldman Sachs Group Inc will post 22.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.40 annualized dividend and a yield of 1.68%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 12.66%.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the firm’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 filing with the Securities & Exchange Commission, which is available at this link. 1.41% of the stock is owned by company insiders.
About Goldman Sachs Group
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.
Further Reading: Earnings Per Share
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