Sandy Spring Bank raised its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 48.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,512 shares of the investment management company’s stock after acquiring an additional 3,739 shares during the period. Sandy Spring Bank’s holdings in Goldman Sachs Group were worth $2,355,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp grew its holdings in shares of Goldman Sachs Group by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Alera Investment Advisors LLC grew its holdings in shares of Goldman Sachs Group by 71.8% in the first quarter. Alera Investment Advisors LLC now owns 146 shares of the investment management company’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. CNB Bank grew its holdings in shares of Goldman Sachs Group by 108.4% in the first quarter. CNB Bank now owns 173 shares of the investment management company’s stock worth $33,000 after purchasing an additional 90 shares during the last quarter. Trustcore Financial Services LLC grew its holdings in shares of Goldman Sachs Group by 120.0% in the second quarter. Trustcore Financial Services LLC now owns 220 shares of the investment management company’s stock worth $45,000 after purchasing an additional 120 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Goldman Sachs Group in the first quarter worth about $48,000. Institutional investors and hedge funds own 69.54% of the company’s stock.
GS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price target on the stock in a report on Tuesday, June 25th. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. ValuEngine upgraded shares of Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. restated a “buy” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a report on Wednesday, July 17th. Finally, BMO Capital Markets upped their price target on shares of Goldman Sachs Group to $273.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $240.92.
Goldman Sachs Group stock traded down $1.37 during midday trading on Thursday, hitting $194.19. 75,333 shares of the company’s stock were exchanged, compared to its average volume of 2,490,468. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.78. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $245.08. The business’s 50-day moving average price is $210.01. The firm has a market cap of $72.42 billion, a P/E ratio of 7.69, a PEG ratio of 0.74 and a beta of 1.32.
Goldman Sachs Group (NYSE:GS) last issued its 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 net margin of 22.09% and a return on equity of 12.43%. The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the prior year, the business earned $5.98 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Goldman Sachs Group Inc will post 22.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.57%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, August 29th. Goldman Sachs Group’s dividend payout ratio is presently 13.45%.
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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