Smithbridge Asset Management Inc. DE boosted its stake in Goldman Sachs Group Inc (NYSE:GS) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,074 shares of the investment management company’s stock after acquiring an additional 730 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Goldman Sachs Group were worth $1,358,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Bank of New York Mellon Corp grew its holdings in shares of Goldman Sachs Group by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,316,799 shares of the investment management company’s stock worth $743,759,000 after purchasing an additional 53,563 shares during the period. GSA Capital Partners LLP grew its position in Goldman Sachs Group by 166.1% during the third quarter. GSA Capital Partners LLP now owns 8,532 shares of the investment management company’s stock worth $1,913,000 after buying an additional 5,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Goldman Sachs Group by 28.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,203 shares of the investment management company’s stock worth $4,982,000 after buying an additional 4,911 shares in the last quarter. GAM Holding AG grew its position in Goldman Sachs Group by 14.6% during the third quarter. GAM Holding AG now owns 6,923 shares of the investment management company’s stock worth $1,552,000 after buying an additional 883 shares in the last quarter. Finally, Vantis Investment Advisers L.P. grew its position in Goldman Sachs Group by 17.2% during the third quarter. Vantis Investment Advisers L.P. now owns 203,200 shares of the investment management company’s stock worth $45,566,000 after buying an additional 29,800 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.
Goldman Sachs Group stock traded up $0.86 during trading hours on Thursday, reaching $201.40. 2,059,717 shares of the company’s stock were exchanged, compared to its average volume of 3,283,730. The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 2.50. Goldman Sachs Group Inc has a twelve month low of $151.70 and a twelve month high of $245.88. The company has a market cap of $74.87 billion, a P/E ratio of 7.97, a PEG ratio of 1.31 and a beta of 1.22.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $0.85 per share. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, May 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 12.66%.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.41% of the company’s stock.
A number of brokerages recently issued reports on GS. Odeon Capital Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. BMO Capital Markets reaffirmed a “hold” rating on shares of Goldman Sachs Group in a report on Monday, January 21st. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Bank of America reaffirmed a “hold” rating and issued a $212.00 target price on shares of Goldman Sachs Group in a report on Monday, April 15th. Finally, HSBC set a $202.00 target price on Goldman Sachs Group and gave the company a “neutral” rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $239.91.
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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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