Windsor Capital Management LLC increased its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,024 shares of the investment management company’s stock after purchasing an additional 96 shares during the quarter. Windsor Capital Management LLC’s holdings in Goldman Sachs Group were worth $414,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in shares of 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 acquiring an additional 48 shares in the last quarter. Evolution Wealth Advisors LLC boosted its stake 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 valued at $92,000 after purchasing an additional 49 shares during the period. Savant Capital LLC boosted its stake in Goldman Sachs Group by 3.0% during the 1st quarter. Savant Capital LLC now owns 1,731 shares of the investment management company’s stock valued at $332,000 after purchasing an additional 50 shares during the period. Telos Capital Management Inc. boosted its stake in Goldman Sachs Group by 2.6% during the 1st quarter. Telos Capital Management Inc. now owns 2,020 shares of the investment management company’s stock valued at $388,000 after purchasing an additional 52 shares during the period. Finally, Kistler Tiffany Companies LLC boosted its stake 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 valued at $217,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 69.54% of the company’s stock.
Several brokerages recently weighed in on GS. Deutsche Bank restated a “buy” rating on shares of Goldman Sachs Group in a research note on Friday, June 28th. BMO Capital Markets upped 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. ValuEngine raised Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price target for the company in a report on Tuesday, June 25th. Finally, Odeon Capital Group raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and an average price target of $240.92.
Shares of NYSE:GS traded up $3.11 during midday trading on Friday, hitting $199.29. The company had a trading volume of 1,293,914 shares, compared to its average volume of 2,334,167. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $245.08. 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 stock has a market cap of $73.39 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.75 and a beta of 1.32. The firm has a fifty day simple moving average of $209.98 and a 200 day simple moving average of $200.19.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.73 by $1.08. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $8.88 billion. During the same period last year, the company earned $5.98 EPS. The firm’s revenue was up .6% on a year-over-year basis. Equities analysts forecast that Goldman Sachs Group Inc will post 22.8 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, August 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 13.45%.
Goldman Sachs Group 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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