Goldman Sachs (NYSE:GS) – Equities research analysts at Oppenheimer upped their FY2018 earnings per share (EPS) estimates for Goldman Sachs in a report released on Tuesday, April 17th. Oppenheimer analyst C. Kotowski now forecasts that the investment management company will post earnings of $23.41 per share for the year, up from their prior forecast of $21.12. Oppenheimer has a “Outperform” rating and a $308.00 price objective on the stock. Oppenheimer also issued estimates for Goldman Sachs’ FY2019 earnings at $25.64 EPS.
Goldman Sachs (NYSE:GS) last issued its quarterly earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.58 by $1.37. Goldman Sachs had a return on equity of 12.10% and a net margin of 14.27%. The firm had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the company earned $5.15 earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis.
Goldman Sachs stock opened at $251.96 on Friday. Goldman Sachs has a one year low of $209.62 and a one year high of $275.31. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.92 and a quick ratio of 0.93. The firm has a market capitalization of $96,555.88, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 31st will be given a $0.80 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Goldman Sachs’s previous quarterly dividend of $0.75. Goldman Sachs’s dividend payout ratio (DPR) is currently 15.18%.
In related news, insider David M. Solomon sold 21,252 shares of Goldman Sachs stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $271.65, for a total transaction of $5,773,105.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Pablo J. Salame sold 10,000 shares of Goldman Sachs stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $270.42, for a total value of $2,704,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,048 shares of company stock valued at $17,668,347. 2.57% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in Goldman Sachs by 33.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,069 shares of the investment management company’s stock worth $2,820,000 after purchasing an additional 2,773 shares in the last quarter. Colonial Trust Advisors increased its position in Goldman Sachs by 34.8% during the 4th quarter. Colonial Trust Advisors now owns 24,448 shares of the investment management company’s stock worth $6,228,000 after purchasing an additional 6,308 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Goldman Sachs by 4.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 65,142 shares of the investment management company’s stock worth $16,596,000 after purchasing an additional 2,626 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Goldman Sachs by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 51,515 shares of the investment management company’s stock worth $13,125,000 after purchasing an additional 1,654 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Goldman Sachs by 12.9% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 159,815 shares of the investment management company’s stock worth $40,714,000 after purchasing an additional 18,293 shares in the last quarter. Hedge funds and other institutional investors own 73.21% of the company’s stock.
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Goldman Sachs Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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