Signaturefd LLC raised its stake in Goldman Sachs Group Inc. (NYSE:GS) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 2,129 shares of the investment management company’s stock after buying an additional 116 shares during the period. Signaturefd LLC’s holdings in Goldman Sachs Group were worth $316,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. CKW Financial Group increased its stake in Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock valued at $119,000 after buying an additional 200 shares during the period. Burke & Herbert Bank & Trust Co. purchased a new stake in Goldman Sachs Group during the second quarter valued at about $209,000. Benjamin F. Edwards & Company Inc. increased its stake in Goldman Sachs Group by 15.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,552 shares of the investment management company’s stock valued at $231,000 after buying an additional 209 shares during the period. Prospera Financial Services Inc increased its stake in Goldman Sachs Group by 33.7% in the second quarter. Prospera Financial Services Inc now owns 1,831 shares of the investment management company’s stock valued at $272,000 after buying an additional 462 shares during the period. Finally, Atria Investments LLC purchased a new stake in Goldman Sachs Group during the second quarter valued at about $288,000. Institutional investors own 71.33% of the company’s stock.
Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 1.09% during midday trading on Wednesday, hitting $174.51. The company had a trading volume of 3,669,538 shares. Goldman Sachs Group Inc. has a 52 week low of $138.20 and a 52 week high of $199.90. The firm’s 50 day moving average is $167.16 and its 200 day moving average is $160.04. The company has a market capitalization of $74.41 billion, a P/E ratio of 16.54 and a beta of 1.61.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.79 by $1.09. The company earned $8.17 billion during the quarter, compared to analyst estimates of $7.41 billion. Goldman Sachs Group had a return on equity of 8.83% and a net margin of 18.12%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the company earned $4.51 earnings per share. Equities research analysts anticipate that Goldman Sachs Group Inc. will post $14.25 EPS for the current year.
Several equities analysts have weighed in on GS shares. Bank of America Corp. reaffirmed a “buy” rating and issued a $160.00 price objective (down from $185.00) on shares of Goldman Sachs Group in a report on Wednesday, June 29th. Citigroup Inc. reaffirmed a “buy” rating on shares of Goldman Sachs Group in a report on Wednesday, June 29th. Vetr raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $153.68 price objective for the company in a report on Tuesday, July 5th. JPMorgan Chase & Co. set a $163.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a report on Monday, June 27th. Finally, Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $182.81.
In other Goldman Sachs Group news, insider Sarah G. Smith sold 2,664 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the sale, the insider now owns 13,075 shares in the company, valued at $2,222,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edith W. Cooper sold 14,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $166.11, for a total value of $2,325,540.00. Following the sale, the executive vice president now owns 33,634 shares in the company, valued at approximately $5,586,943.74. The disclosure for this sale can be found here. Corporate insiders own 2.61% of the company’s stock.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.
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