BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 39,416 Shares of Goldman Sachs Group Inc (NYSE:GS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Goldman Sachs Group Inc (NYSE:GS) by 37.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,715 shares of the investment management company’s stock after selling 39,416 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Goldman Sachs Group were worth $12,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. WoodTrust Financial Corp bought a new stake in shares of Goldman Sachs Group during the first quarter worth $1,920,000. Belpointe Asset Management LLC boosted its holdings in Goldman Sachs Group by 10.6% in the fourth quarter. Belpointe Asset Management LLC now owns 3,465 shares of the investment management company’s stock valued at $579,000 after acquiring an additional 333 shares during the last quarter. Legal & General Group Plc boosted its holdings in Goldman Sachs Group by 6.8% in the fourth quarter. Legal & General Group Plc now owns 1,739,119 shares of the investment management company’s stock valued at $290,444,000 after acquiring an additional 110,588 shares during the last quarter. McGuire Investment Group LLC boosted its holdings in Goldman Sachs Group by 4.4% in the first 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 during the last quarter. Finally, Foundry Partners LLC boosted its holdings in Goldman Sachs Group by 0.5% in the first 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 during the last quarter. 68.52% of the stock is owned by institutional investors.

Several research firms recently issued reports on GS. TheStreet cut Goldman Sachs Group from a “b-” rating to a “c” rating in a report on Monday, May 13th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Odeon Capital Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley raised their target price on Goldman Sachs Group from $207.00 to $218.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $239.91.

GS traded up $0.21 during midday trading on Friday, reaching $191.66. 1,205,012 shares of the company were exchanged, compared to its average volume of 2,951,862. The stock has a market cap of $69.72 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 2.84. Goldman Sachs Group Inc has a one year low of $151.70 and a one year high of $245.08.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.97. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.89 billion. Goldman Sachs Group had a return on equity of 12.79% and a net margin of 25.13%. Goldman Sachs Group’s revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.95 earnings per share. As a group, equities analysts forecast that Goldman Sachs Group Inc will post 23.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 13.45%.

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

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