BlueMar Capital Management LLC Raises Position in Goldman Sachs Group, Inc. (The) (GS)

BlueMar Capital Management LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 12.9% during the first quarter, Holdings Channel reports. The institutional investor owned 13,420 shares of the investment management company’s stock after buying an additional 1,535 shares during the period. Goldman Sachs Group, Inc. (The) makes up about 1.8% of BlueMar Capital Management LLC’s portfolio, making the stock its 21st largest position. BlueMar Capital Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $3,083,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GS. YorkBridge Wealth Partners LLC increased its position in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock valued at $144,000 after buying an additional 2 shares in the last quarter. Hudock Capital Group LLC increased its position in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 1,130 shares of the investment management company’s stock valued at $259,000 after buying an additional 3 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock valued at $242,000 after buying an additional 3 shares in the last quarter. Balasa Dinverno & Foltz LLC increased its position in Goldman Sachs Group, Inc. (The) by 0.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 924 shares of the investment management company’s stock valued at $212,000 after buying an additional 7 shares in the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,426 shares of the investment management company’s stock valued at $328,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 1.62% on Thursday, reaching $227.26. 772,014 shares of the company were exchanged. The firm has a market capitalization of $88.23 billion, a PE ratio of 11.92 and a beta of 1.42. The stock’s 50-day moving average is $224.84 and its 200 day moving average is $229.82. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter in the previous year, the company posted $3.72 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.30%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 18th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the investment management company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2797747/bluemar-capital-management-llc-raises-position-in-goldman-sachs-group-inc-the-gs.html.

GS has been the topic of several research reports. Royal Bank Of Canada decreased their price target on shares of Goldman Sachs Group, Inc. (The) from $250.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 19th. UBS AG restated a “buy” rating and issued a $285.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Atlantic Securities upgraded shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and upped their price target for the company from $214.00 to $254.00 in a research note on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, Wells Fargo & Company initiated coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday. They issued an “outperform” rating and a $265.00 price target on the stock. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $236.44.

In related news, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the transaction, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (The) Company Profile

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Receive News & Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.