Goldman Sachs Group Inc (GS) Stake Boosted by Wedbush Securities Inc.

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Wedbush Securities Inc. grew its holdings in Goldman Sachs Group Inc (NYSE:GS) by 10.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,652 shares of the investment management company’s stock after purchasing an additional 1,020 shares during the period. Wedbush Securities Inc.’s holdings in Goldman Sachs Group were worth $2,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GS. Vanguard Group Inc. lifted its stake in shares of Goldman Sachs Group by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 24,669,387 shares of the investment management company’s stock valued at $5,531,864,000 after purchasing an additional 307,849 shares during the period. Vanguard Group Inc increased its holdings in Goldman Sachs Group by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 24,669,387 shares of the investment management company’s stock worth $5,531,864,000 after purchasing an additional 307,849 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Goldman Sachs Group by 17,481.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after purchasing an additional 16,546,702 shares in the last quarter. Jennison Associates LLC increased its holdings in Goldman Sachs Group by 17.8% during the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after purchasing an additional 710,479 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Goldman Sachs Group by 3.1% during the 4th quarter. Northern Trust Corp now owns 4,301,885 shares of the investment management company’s stock worth $718,630,000 after purchasing an additional 129,610 shares in the last quarter. Institutional investors own 70.11% of the company’s stock.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.41% of the company’s stock.

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on Goldman Sachs Group from $207.00 to $218.00 and gave the stock an “equal weight” rating in a report on Tuesday. Odeon Capital Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. HSBC set a $202.00 price objective on Goldman Sachs Group and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Goldman Sachs Group in a report on Monday, January 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $239.91.

Shares of GS stock traded down $0.80 during trading on Thursday, hitting $207.10. The company’s stock had a trading volume of 32,059 shares, compared to its average volume of 3,326,281. The firm has a market cap of $73.32 billion, a PE ratio of 8.20, a P/E/G ratio of 1.29 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 2.50. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $257.02.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.97. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.89 billion. Goldman Sachs Group had a return on equity of 12.35% and a net margin of 25.13%. Goldman Sachs Group’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.95 earnings per share. On average, research analysts expect that Goldman Sachs Group Inc will post 22.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.40 annualized dividend and a dividend yield of 1.64%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.

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Goldman Sachs Group 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.

Further Reading: What is Cost of Goods Sold (COGS)?

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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