Guggenheim Capital LLC lifted its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 254,656 shares of the investment management company’s stock after buying an additional 21,379 shares during the period. Guggenheim Capital LLC’s holdings in Goldman Sachs Group were worth $64,876,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in Goldman Sachs Group in the 4th quarter valued at $113,000. Cerebellum GP LLC acquired a new stake in Goldman Sachs Group in the 4th quarter valued at $122,000. Prime Capital Investment Advisors LLC acquired a new stake in Goldman Sachs Group in the 4th quarter valued at $127,000. Westside Investment Management Inc. grew its position in Goldman Sachs Group by 450.0% in the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 450 shares during the period. Finally, Waldron LP acquired a new stake in Goldman Sachs Group in the 4th quarter valued at $203,000. 73.28% of the stock is owned by institutional investors.
Several research firms recently issued reports on GS. Vetr downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price target for the company. in a research report on Wednesday, February 14th. Bank of America reissued a “buy” rating and issued a $300.00 price target (up previously from $249.30) on shares of Goldman Sachs Group in a research report on Monday, February 12th. Morgan Stanley lifted their price target on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $320.00 price target on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $260.00 price target on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $257.06.
Shares of Goldman Sachs Group Inc (NYSE GS) opened at $273.38 on Tuesday. The company has a market capitalization of $102,862.00, a price-to-earnings ratio of 31.75, a PEG ratio of 0.98 and a beta of 1.33. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $275.31. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.93 and a current ratio of 0.93.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. The company had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.66% and a net margin of 13.36%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.08 EPS. research analysts predict that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 34.84%.
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Goldman Sachs Group 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.
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