Goldman Sachs Group Inc (NYSE:GS) Shares Acquired by World Asset Management Inc
World Asset Management Inc lifted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,296 shares of the investment management company’s stock after acquiring an additional 743 shares during the period. World Asset Management Inc’s holdings in Goldman Sachs Group were worth $5,176,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp grew its stake in Goldman Sachs Group by 100.0% during the 1st quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Alera Investment Advisors LLC grew its stake in Goldman Sachs Group by 71.8% during the 1st quarter. Alera Investment Advisors LLC now owns 146 shares of the investment management company’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Liberty Wealth Management LLC bought a new position in Goldman Sachs Group during the 4th quarter worth $29,000. CNB Bank grew its stake in Goldman Sachs Group by 108.4% during the 1st quarter. CNB Bank now owns 173 shares of the investment management company’s stock worth $33,000 after buying an additional 90 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Goldman Sachs Group during the 1st quarter worth $47,000. 68.49% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on GS shares. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target for the company in a research note on Tuesday, June 25th. BMO Capital Markets decreased their price target on Wells Fargo & Co to $59.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Odeon Capital Group raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Keefe, Bruyette & Woods set a $16.00 price target on Brookline Bancorp and gave the stock a “hold” rating in a research note on Friday. Finally, Morgan Stanley cut GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $23.00 to $18.00 in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $240.92.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 16th. The investment management company reported $5.81 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 the consensus estimate of $8.88 billion. Goldman Sachs Group had a return on equity of 11.99% and a net margin of 22.09%. Goldman Sachs Group’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.98 earnings per share. As a group, equities analysts expect that Goldman Sachs Group Inc will post 22.81 EPS for the current fiscal year.
The firm also recently disclosed 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 an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, August 29th. Goldman Sachs Group’s dividend payout ratio is currently 13.45%.
In related news, EVP Dane E. Holmes sold 3,165 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.41% of the stock is currently owned by corporate insiders.
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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