Linscomb & Williams Inc. reduced its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,143 shares of the investment management company’s stock after selling 59 shares during the period. Linscomb & Williams Inc.’s holdings in Goldman Sachs Group were worth $219,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in GS. Capital Financial Planning LLC bought a new stake in shares of Goldman Sachs Group during the fourth quarter worth $26,000. Toth Financial Advisory Corp grew its stake in shares of Goldman Sachs Group by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Goldman Sachs Group in the fourth quarter worth $29,000. Loeb Partners Corp bought a new stake in shares of Goldman Sachs Group in the fourth quarter worth $33,000. Finally, Riverview Trust Co bought a new stake in shares of Goldman Sachs Group in the fourth quarter worth $33,000. Institutional investors and hedge funds own 68.53% of the company’s stock.
GS traded up $1.03 during trading on Monday, reaching $193.00. 1,637,338 shares of the stock traded hands, compared to its average volume of 2,278,512. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $70.61 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.24. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $245.08.
The company also recently declared 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 of this dividend is Wednesday, May 29th. This represents a $3.40 dividend on an annualized basis and a yield of 1.76%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio is 12.66%.
Several analysts recently weighed in on the stock. Odeon Capital Group raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine raised shares of Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Bank of America reissued a “hold” rating and issued a $212.00 price objective on shares of Goldman Sachs Group in a research note on Monday, April 15th. Finally, HSBC set a $202.00 price objective on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $239.91.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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