Goldman Sachs Group (NYSE:GS) announced its quarterly 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, MarketWatch Earnings reports. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.89 billion. Goldman Sachs Group had a return on equity of 12.35% 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 in the previous year, the business earned $6.95 EPS.
Shares of GS opened at $202.63 on Wednesday. Goldman Sachs Group has a fifty-two week low of $151.70 and a fifty-two week high of $245.88. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.92 and a current ratio of 0.86. The stock has a market capitalization of $76.11 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.
The business also recently disclosed 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 represents a $3.40 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, May 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s payout ratio is presently 12.66%.
In related news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Goldman Sachs Group by 1.6% during the third 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. Vident Investment Advisory LLC acquired a new position in shares of Goldman Sachs Group during the 3rd quarter worth $292,000. Rockshelter Capital Management LLC raised its holdings in shares of Goldman Sachs Group by 3.6% during the 3rd quarter. Rockshelter Capital Management LLC now owns 32,376 shares of the investment management company’s stock worth $7,260,000 after buying an additional 1,134 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Goldman Sachs Group by 50.0% during the 3rd quarter. Mutual Advisors LLC now owns 6,056 shares of the investment management company’s stock worth $1,358,000 after buying an additional 2,019 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Goldman Sachs Group by 124.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,442 shares of the investment management company’s stock worth $1,445,000 after purchasing an additional 3,578 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/05/08/goldman-sachs-group-gs-releases-earnings-results-beats-expectations-by-0-82-eps.html.
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.
Read More: Why does a company issue an IPO?
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.