Hayden Royal LLC acquired a new stake in Goldman Sachs Group Inc (NYSE:GS) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,707 shares of the investment management company’s stock, valued at approximately $356,000.
Several other institutional investors and hedge funds have also modified their holdings of GS. Roundview Capital LLC lifted its stake in Goldman Sachs Group by 23.3% in the 1st quarter. Roundview Capital LLC now owns 9,819 shares of the investment management company’s stock valued at $1,885,000 after acquiring an additional 1,853 shares in the last quarter. McGuire Investment Group LLC lifted its stake in Goldman Sachs Group by 4.4% in the 1st quarter. McGuire Investment Group LLC now owns 10,265 shares of the investment management company’s stock valued at $1,971,000 after acquiring an additional 434 shares in the last quarter. Foundry Partners LLC lifted its stake in Goldman Sachs Group by 0.5% in the 1st quarter. Foundry Partners LLC now owns 98,638 shares of the investment management company’s stock valued at $18,938,000 after acquiring an additional 495 shares in the last quarter. Busey Wealth Management bought a new stake in Goldman Sachs Group in the 2nd quarter valued at approximately $3,126,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Goldman Sachs Group by 34.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,386 shares of the investment management company’s stock valued at $266,000 after acquiring an additional 355 shares in the last quarter. Institutional investors and hedge funds own 69.54% of the company’s stock.
GS has been the topic of several research reports. Odeon Capital Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Deutsche Bank restated a “buy” rating on shares of Goldman Sachs Group in a research note on Friday, June 28th. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley boosted their target price on Goldman Sachs Group from $207.00 to $218.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $240.92.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $1.08. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter in the prior year, the business posted $5.98 EPS. The business’s revenue was up .6% compared to the same quarter last year. Analysts forecast that Goldman Sachs Group Inc will post 22.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, August 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s dividend payout ratio is 13.45%.
In related news, EVP Dane E. Holmes sold 3,165 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $212.15, for a total value of $671,454.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.41% of the stock is currently owned by corporate insiders.
About Goldman Sachs Group
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.
Recommended Story: What is the NASDAQ?
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 (NYSE:GS).
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.