Edmond DE Rothschild Holding S.A. increased its holdings in Goldman Sachs Group Inc (NYSE:GS) by 34.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,386 shares of the investment management company’s stock after purchasing an additional 355 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Goldman Sachs Group were worth $266,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc lifted its position in Goldman Sachs Group by 1.3% in the third 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. Oppenheimer Asset Management Inc. lifted its position in Goldman Sachs Group by 10.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 1,552 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 152 shares during the period. Gamco Investors INC. ET AL lifted its position in Goldman Sachs Group by 36.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,425 shares of the investment management company’s stock valued at $405,000 after purchasing an additional 650 shares during the period. First Mercantile Trust Co. lifted its position in Goldman Sachs Group by 69.0% in the fourth quarter. First Mercantile Trust Co. now owns 710 shares of the investment management company’s stock valued at $119,000 after purchasing an additional 290 shares during the period. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in Goldman Sachs Group in the fourth quarter valued at about $656,000. 68.48% of the stock is owned by institutional investors.
GS stock traded up $2.26 during midday trading on Monday, hitting $206.86. The stock had a trading volume of 2,462,723 shares, compared to its average volume of 2,907,598. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $245.08. 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 company has a market cap of $76.13 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 1.36 and a beta of 1.30. The business has a 50-day moving average price of $193.77.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $0.85 dividend. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $3.40 dividend on an annualized basis and a yield of 1.64%. Goldman Sachs Group’s dividend payout ratio is presently 13.45%.
GS has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on shares of Goldman Sachs Group from $302.00 to $312.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. HSBC set a $202.00 price objective on Goldman Sachs Group and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Bank of America restated a “hold” rating and set a $212.00 price objective on shares of Goldman Sachs Group in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $235.00 price objective on shares of Goldman Sachs Group in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $240.73.
Goldman Sachs Group Company 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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