Goldman Sachs Group Inc (GS) Stake Raised by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC increased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 46.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,705 shares of the investment management company’s stock after buying an additional 8,791 shares during the period. Janney Montgomery Scott LLC’s holdings in Goldman Sachs Group were worth $6,364,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC boosted its stake in Goldman Sachs Group by 0.3% in the third quarter. Douglass Winthrop Advisors LLC now owns 8,001 shares of the investment management company’s stock worth $1,290,000 after buying an additional 26 shares during the last quarter. Key Square Capital Management LLC purchased a new stake in shares of Goldman Sachs Group during the fourth quarter worth approximately $63,286,000. Johnson Financial Group Inc. boosted its stake in shares of Goldman Sachs Group by 5.3% in the fourth quarter. Johnson Financial Group Inc. now owns 753 shares of the investment management company’s stock worth $180,000 after buying an additional 38 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of Goldman Sachs Group by 20.2% in the third quarter. Essex Investment Management Co. LLC now owns 35,228 shares of the investment management company’s stock worth $5,681,000 after buying an additional 5,928 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of Goldman Sachs Group by 5.2% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 14,963 shares of the investment management company’s stock worth $3,583,000 after buying an additional 733 shares in the last quarter. Institutional investors and hedge funds own 72.77% of the company’s stock.
Goldman Sachs Group Inc (NYSE:GS) traded up 0.73% on Friday, reaching $216.74. The company’s stock had a trading volume of 1,596,363 shares. The stock has a market capitalization of $88.71 billion, a P/E ratio of 11.53 and a beta of 1.50. The firm has a 50 day moving average price of $224.46 and a 200 day moving average price of $229.97. Goldman Sachs Group Inc has a 52 week low of $138.20 and a 52 week high of $255.15. Goldman Sachs Group also was the recipient of unusually large options trading activity on Wednesday. Traders bought 40,220 call options on the stock. This represents an increase of approximately 213% compared to the average daily volume of 12,864 call options.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, April 18th. The investment management company reported $5.15 EPS for the quarter, missing the consensus estimate of $5.31 by $0.16. Goldman Sachs Group had a return on equity of 9.78% and a net margin of 24.17%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $8.33 billion. During the same quarter last year, the company posted $2.68 EPS. Goldman Sachs Group’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities analysts anticipate that Goldman Sachs Group Inc will post $19.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 1st will be paid a $0.75 dividend. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.65. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Tuesday, May 30th. Goldman Sachs Group’s dividend payout ratio is currently 15.89%.
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A number of analysts have commented on GS shares. Royal Bank of Canada lowered their price target on Goldman Sachs Group to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, April 18th. Credit Suisse Group AG reissued a “buy” rating on shares of Goldman Sachs Group in a report on Wednesday, April 19th. Rafferty Capital Markets cut Goldman Sachs Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $288.00 to $221.00 in a report on Tuesday, April 18th. Vetr cut Goldman Sachs Group from a “sell” rating to a “strong sell” rating and set a $191.87 price objective for the company. in a report on Monday, April 24th. Finally, Citigroup Inc upgraded Goldman Sachs Group from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $234.65.
About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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