Prime Capital Investment Advisors LLC bought a new stake in Goldman Sachs (NYSE:GS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 500 shares of the investment management company’s stock, valued at approximately $127,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Jennison Associates LLC grew its position in Goldman Sachs by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after purchasing an additional 727,698 shares during the period. Standard Life Aberdeen plc grew its position in Goldman Sachs by 187.6% during the 4th quarter. Standard Life Aberdeen plc now owns 737,276 shares of the investment management company’s stock worth $187,995,000 after purchasing an additional 480,931 shares during the period. Bank of New York Mellon Corp grew its position in Goldman Sachs by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock worth $858,366,000 after purchasing an additional 356,956 shares during the period. Boston Partners grew its position in Goldman Sachs by 13.3% during the 3rd quarter. Boston Partners now owns 2,790,289 shares of the investment management company’s stock worth $661,829,000 after purchasing an additional 328,611 shares during the period. Finally, Mackenzie Financial Corp grew its position in Goldman Sachs by 102.5% during the 4th quarter. Mackenzie Financial Corp now owns 643,773 shares of the investment management company’s stock worth $164,008,000 after purchasing an additional 325,782 shares during the period. 73.18% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs stock traded down $4.51 during midday trading on Monday, reaching $247.35. The company had a trading volume of 3,429,713 shares, compared to its average volume of 3,538,002. The firm has a market capitalization of $95,678.34, a PE ratio of 12.52, a P/E/G ratio of 0.90 and a beta of 1.36. Goldman Sachs has a 12-month low of $209.62 and a 12-month high of $275.31. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 3.09.
Goldman Sachs (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs had a net margin of 13.36% and a return on equity of 11.66%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same period last year, the company posted $5.08 EPS. Goldman Sachs’s quarterly revenue was down 4.2% compared to the same quarter last year. sell-side analysts predict that Goldman Sachs will post 21.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 28th. Goldman Sachs’s dividend payout ratio (DPR) is 15.18%.
In other Goldman Sachs news, Vice Chairman Pablo J. Salame sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $270.42, for a total value of $2,704,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David M. Solomon sold 21,252 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $271.65, for a total transaction of $5,773,105.80. The disclosure for this sale can be found here. Insiders sold a total of 83,548 shares of company stock worth $22,064,172 over the last three months. Corporate insiders own 1.71% of the company’s stock.
GS has been the topic of several analyst reports. Vertical Group raised Goldman Sachs from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Wells Fargo restated an “outperform” rating and set a $320.00 target price on shares of Goldman Sachs in a research report on Thursday, January 25th. Bank of America raised their target price on Goldman Sachs from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Barclays raised their target price on Goldman Sachs from $262.00 to $308.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Goldman Sachs from a “hold” rating to a “buy” rating and set a $291.00 target price on the stock in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $258.79.
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Goldman Sachs Company Profile
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.
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