Sanders Morris Harris LLC purchased a new position in shares of Goldman Sachs Group Inc (NYSE:GS) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,745 shares of the investment management company’s stock, valued at approximately $345,000.
A number of other large investors have also modified their holdings of the stock. Quadrant Private Wealth Management LLC lifted its stake in Goldman Sachs Group by 1.8% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 2,732 shares of the investment management company’s stock worth $628,000 after acquiring an additional 48 shares in the last quarter. Financial Architects Inc grew its holdings in shares of Goldman Sachs Group by 11.7% in the 4th quarter. Financial Architects Inc now owns 478 shares of the investment management company’s stock worth $110,000 after purchasing an additional 50 shares during the last quarter. Clarius Group LLC grew its holdings in shares of Goldman Sachs Group by 1.7% in the 2nd quarter. Clarius Group LLC now owns 3,117 shares of the investment management company’s stock worth $616,000 after purchasing an additional 51 shares during the last quarter. Hillman Capital Management Inc. grew its holdings in shares of Goldman Sachs Group by 0.3% in the 1st quarter. Hillman Capital Management Inc. now owns 20,915 shares of the investment management company’s stock worth $3,233,000 after purchasing an additional 54 shares during the last quarter. Finally, Covington Capital Management grew its holdings in shares of Goldman Sachs Group by 9.7% in the 4th quarter. Covington Capital Management now owns 659 shares of the investment management company’s stock worth $152,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 68.07% of the company’s stock.
Shares of Goldman Sachs Group stock traded down $3.82 during trading on Thursday, hitting $198.43. The stock had a trading volume of 43,538 shares, compared to its average volume of 3,268,385. The firm’s fifty day simple moving average is $199.75 and its 200-day simple moving average is $202.46. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.79 and a quick ratio of 0.79. Goldman Sachs Group Inc has a 12 month low of $130.85 and a 12 month high of $250.46. The stock has a market cap of $69.55 billion, a PE ratio of 10.91, a PEG ratio of 5.55 and a beta of 1.46.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, April 15th. The investment management company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.28. Goldman Sachs Group had a return on equity of 9.26% and a net margin of 14.04%. The business had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $7.92 billion. During the same quarter last year, the firm earned $5.71 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Goldman Sachs Group Inc will post 15.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.52%. Goldman Sachs Group’s dividend payout ratio is presently 23.78%.
Several research analysts have recently issued reports on GS shares. Deutsche Bank raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 4th. DA Davidson lifted their price objective on shares of Goldman Sachs Group from $165.00 to $185.00 in a report on Friday, April 17th. UBS Group raised their target price on shares of Goldman Sachs Group from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Co reissued a “buy” rating and issued a $255.00 price target on shares of Goldman Sachs Group in a report on Tuesday, June 30th. Finally, Citigroup raised their target price on shares of Goldman Sachs Group from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $229.73.
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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