Laurel Wealth Advisors LLC decreased its holdings in Goldman Sachs Group Inc (NYSE:GS) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,680 shares of the investment management company’s stock after selling 75 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Goldman Sachs Group were worth $323,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in GS. Oregon Public Employees Retirement Fund grew its stake in shares of Goldman Sachs Group by 17,481.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after purchasing an additional 16,546,702 shares in the last quarter. Norges Bank bought a new position in Goldman Sachs Group during the fourth quarter valued at about $474,398,000. Lakewood Capital Management LP bought a new position in Goldman Sachs Group during the fourth quarter valued at about $136,480,000. Jennison Associates LLC boosted its stake in Goldman Sachs Group by 17.8% during the fourth quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock valued at $786,929,000 after buying an additional 710,479 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Goldman Sachs Group by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock valued at $715,573,000 after buying an additional 411,700 shares in the last quarter. 67.85% of the stock is owned by institutional investors.
GS has been the subject of several research reports. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Societe Generale cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. BMO Capital Markets decreased their target price on Goldman Sachs Group from $262.00 to $260.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Finally, ValuEngine cut Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $239.91.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating the consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.79% 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 period in the prior year, the business posted $6.95 earnings per share. Goldman Sachs Group’s revenue was down 12.6% compared to the same quarter last year. On average, research analysts anticipate that Goldman Sachs Group Inc will post 23.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.76%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, May 29th. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.
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About Goldman Sachs Group
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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