Rothschild Investment Corp IL Buys 65 Shares of Goldman Sachs Group Inc (GS)

Rothschild Investment Corp IL boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,148 shares of the investment management company’s stock after purchasing an additional 65 shares during the period. Goldman Sachs Group accounts for approximately 1.0% of Rothschild Investment Corp IL’s holdings, making the stock its 26th largest holding. Rothschild Investment Corp IL’s holdings in Goldman Sachs Group were worth $8,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Goldman Sachs Group by 17,481.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after purchasing an additional 16,546,702 shares during the last quarter. Norges Bank bought a new position in shares of Goldman Sachs Group in the 4th quarter worth $474,398,000. Lakewood Capital Management LP bought a new position in shares of Goldman Sachs Group in the 4th quarter worth $136,480,000. Jennison Associates LLC boosted its position in shares of Goldman Sachs Group by 17.8% in the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after purchasing an additional 710,479 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Goldman Sachs Group by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock worth $715,573,000 after purchasing an additional 411,700 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

In other news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.41% of the company’s stock.

Several research firms have weighed in on GS. 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. Morgan Stanley lifted their target price on Goldman Sachs Group from $207.00 to $218.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets lowered their target price on Goldman Sachs Group from $262.00 to $260.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $239.91.

Shares of NYSE GS opened at $202.05 on Friday. The company has a market cap of $73.76 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.92 and a current ratio of 0.86. Goldman Sachs Group Inc has a twelve month low of $151.70 and a twelve month high of $245.88.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.97. The firm 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 12.79% and a net margin of 25.13%. The business’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 earnings per share. On average, analysts anticipate that Goldman Sachs Group Inc will post 23.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, May 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s payout ratio is currently 12.66%.

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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.

Further Reading: Understanding Specialty Certificates of Deposit

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

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