Global Assets Advisory LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 718 shares of the investment management company’s stock, valued at approximately $607,000.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of The Goldman Sachs Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after purchasing an additional 418,820 shares during the period. State Street Corp boosted its stake in shares of The Goldman Sachs Group by 2.1% in the fourth quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after buying an additional 394,198 shares during the period. Fisher Asset Management LLC grew its position in The Goldman Sachs Group by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock worth $5,952,199,000 after buying an additional 110,134 shares in the last quarter. Geode Capital Management LLC grew its position in The Goldman Sachs Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock worth $5,896,795,000 after buying an additional 45,266 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in The Goldman Sachs Group by 3.4% during the 4th quarter. Bank of America Corp DE now owns 5,978,034 shares of the investment management company’s stock worth $5,254,692,000 after acquiring an additional 194,109 shares during the period. Institutional investors own 71.21% of the company’s stock.
Insider Activity at The Goldman Sachs Group
In related news, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the transaction, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,681 shares of company stock worth $31,737,875 over the last three months. 0.55% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on GS
The Goldman Sachs Group Price Performance
Shares of GS traded up $0.07 during midday trading on Friday, hitting $1,056.04. The company’s stock had a trading volume of 1,110,031 shares, compared to its average volume of 1,972,365. The Goldman Sachs Group, Inc. has a one year low of $691.30 and a one year high of $1,125.00. The company’s fifty day simple moving average is $1,017.99 and its two-hundred day simple moving average is $938.64. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $311.54 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.30.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The Goldman Sachs Group’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $14.12 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 60.44 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were issued a $4.50 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio is 32.89%.
Key Headlines Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs won two large retirement-plan asset management mandates from Verizon and Lockheed Martin, adding roughly $70 billion in new assets and expanding its outsourced CIO business. Goldman Sachs Secures Massive $70B Retirement Plan Contracts from Verizon and Lockheed Martin
- Positive Sentiment: Multiple previews ahead of Goldman’s July 14 Q2 earnings point to strong investment-banking and trading results, with expectations for higher revenue from market activity and advisory fees. Goldman Q2 Earnings on the Deck: What’s in Store for the Stock?
- Positive Sentiment: Goldman’s own research highlighted improved conditions in currency carry trades and warned that higher FX volatility could benefit trading desks, reinforcing the view that market activity may support results. Carry Trades Face Best Conditions Since 2000, Goldman Sachs Says
- Neutral Sentiment: Goldman also moved to restrict employee use of prediction markets tied to finance and politics, a compliance-focused policy change that is unlikely to materially affect near-term earnings. Wall St. Sets Limits on Prediction Market Trading
- Neutral Sentiment: Several headlines were about Goldman’s analyst calls on other companies and broader market commentary, which are not direct catalysts for GS shares.
The Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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