Pathstone Family Office LLC lifted its stake in Goldman Sachs Group Inc (NYSE:GS) by 2,900.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 180 shares of the investment management company’s stock after buying an additional 174 shares during the period. Pathstone Family Office LLC’s holdings in Goldman Sachs Group were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of GS. Cornerstone Advisors Inc. increased its position in Goldman Sachs Group by 27.5% during the first quarter. Cornerstone Advisors Inc. now owns 589 shares of the investment management company’s stock worth $113,000 after buying an additional 127 shares during the last quarter. Victory Capital Management Inc. increased its position in Goldman Sachs Group by 295.5% during the first quarter. Victory Capital Management Inc. now owns 20,477 shares of the investment management company’s stock worth $3,931,000 after buying an additional 15,299 shares during the last quarter. HighPoint Advisor Group LLC increased its position in Goldman Sachs Group by 48.1% during the first quarter. HighPoint Advisor Group LLC now owns 2,084 shares of the investment management company’s stock worth $422,000 after buying an additional 677 shares during the last quarter. Greenleaf Trust increased its position in Goldman Sachs Group by 33.7% during the first quarter. Greenleaf Trust now owns 3,819 shares of the investment management company’s stock worth $733,000 after buying an additional 963 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Goldman Sachs Group by 4.7% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 7,148 shares of the investment management company’s stock worth $1,401,000 after buying an additional 318 shares during the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.
Shares of GS stock opened at $214.53 on Wednesday. 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 $77.01 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34. The stock has a 50 day simple moving average of $206.21 and a 200 day simple moving average of $201.59. Goldman Sachs Group Inc has a 1 year low of $151.70 and a 1 year high of $238.52.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $1.08. The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $8.88 billion. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.98 earnings per share. Analysts forecast that Goldman Sachs Group Inc will post 22.81 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $1.25 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, August 29th. Goldman Sachs Group’s payout ratio is 19.79%.
A number of equities research analysts have recently issued reports on GS shares. BMO Capital Markets boosted their price objective on Goldman Sachs Group to $273.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. restated a “buy” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a report on Wednesday, July 17th. Odeon Capital Group cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price objective for the company in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $240.92.
In related news, EVP Dane E. Holmes sold 3,165 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $212.15, for a total value of $671,454.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.41% of the company’s stock.
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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