Rothschild Investment Corp IL grew its position in Goldman Sachs Group Inc (NYSE:GS) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,809 shares of the investment management company’s stock after buying an additional 548 shares during the quarter. Goldman Sachs Group accounts for approximately 1.1% of Rothschild Investment Corp IL’s holdings, making the stock its 22nd biggest holding. Rothschild Investment Corp IL’s holdings in Goldman Sachs Group were worth $9,079,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in Goldman Sachs Group by 1.6% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,093 shares of the investment management company’s stock worth $633,000 after purchasing an additional 48 shares in the last quarter. Evolution Wealth Advisors LLC increased its position in Goldman Sachs Group by 12.3% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 449 shares of the investment management company’s stock worth $92,000 after purchasing an additional 49 shares in the last quarter. Cannell Peter B & Co. Inc. increased its position in Goldman Sachs Group by 1.6% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 3,130 shares of the investment management company’s stock worth $640,000 after purchasing an additional 50 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in Goldman Sachs Group by 5.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,063 shares of the investment management company’s stock worth $217,000 after purchasing an additional 52 shares in the last quarter. Finally, SOL Capital Management CO increased its position in Goldman Sachs Group by 3.4% during the 2nd quarter. SOL Capital Management CO now owns 1,652 shares of the investment management company’s stock worth $338,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.
A number of analysts recently commented on GS shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, July 17th. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods upgraded Goldman Sachs Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $225.00 to $260.00 in a research report on Friday, July 26th. Odeon Capital Group cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, BMO Capital Markets lifted their price target on Goldman Sachs Group to $273.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $240.92.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 3,165 shares of Goldman Sachs Group stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $212.15, for a total value of $671,454.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.41% of the stock is owned by insiders.
GS traded up $4.81 during midday trading on Friday, hitting $204.68. The company’s stock had a trading volume of 3,334,183 shares, compared to its average volume of 2,513,827. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.78. The firm has a market cap of $70.97 billion, a P/E ratio of 8.10, a PEG ratio of 0.74 and a beta of 1.35. The firm has a 50-day moving average price of $206.36 and a two-hundred day moving average price of $202.72. Goldman Sachs Group Inc has a 52-week low of $151.70 and a 52-week high of $234.06.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, beating the consensus estimate of $4.73 by $1.08. The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $8.88 billion. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.98 EPS. On average, equities analysts expect that Goldman Sachs Group Inc will post 22.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a $1.25 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $5.00 annualized dividend and a yield of 2.44%. Goldman Sachs Group’s payout ratio is 19.79%.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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