Ascent Wealth Partners LLC grew its position in Goldman Sachs Group Inc (NYSE:GS) by 14.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,216 shares of the investment management company’s stock after buying an additional 523 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Goldman Sachs Group were worth $809,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Capital Financial Planning LLC purchased a new stake in Goldman Sachs Group in the fourth quarter valued at about $26,000. Toth Financial Advisory Corp lifted its position in Goldman Sachs Group by 100.0% during the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in Goldman Sachs Group during the fourth quarter worth approximately $29,000. Loeb Partners Corp purchased a new position in Goldman Sachs Group during the fourth quarter worth approximately $33,000. Finally, Riverview Trust Co acquired a new stake in Goldman Sachs Group during the fourth quarter worth $33,000. Institutional investors and hedge funds own 68.48% of the company’s stock.
Several research firms have recently weighed in on GS. 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 report on Tuesday, April 16th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Odeon Capital Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Finally, HSBC set a $202.00 price target on Goldman Sachs Group and gave the stock a “neutral” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $240.73.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.79% and a net margin of 25.13%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the prior year, the company earned $6.95 EPS. Goldman Sachs Group’s revenue was down 12.6% on a year-over-year basis. As a group, equities analysts anticipate that Goldman Sachs Group Inc will post 22.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, May 29th. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio is currently 13.45%.
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.
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