Sigma Planning Corp Boosts Stock Position in Goldman Sachs Group Inc (NYSE:GS)

Sigma Planning Corp grew its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,417 shares of the investment management company’s stock after buying an additional 654 shares during the period. Sigma Planning Corp’s holdings in Goldman Sachs Group were worth $904,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Goldman Sachs Group by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock worth $715,573,000 after acquiring an additional 411,700 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Goldman Sachs Group during the fourth quarter worth $301,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Goldman Sachs Group during the first quarter worth $496,000. Asset Dedication LLC increased its position in shares of Goldman Sachs Group by 31.1% during the first quarter. Asset Dedication LLC now owns 4,001 shares of the investment management company’s stock worth $764,000 after acquiring an additional 949 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Goldman Sachs Group by 0.3% during the first quarter. Strs Ohio now owns 310,206 shares of the investment management company’s stock worth $59,556,000 after acquiring an additional 782 shares in the last quarter. 69.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on GS shares. Keefe, Bruyette & Woods raised shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $225.00 to $260.00 in a research report on Friday, July 26th. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th. Royal Bank of Canada reissued a “neutral” rating and set a $220.00 price objective on shares of Goldman Sachs Group in a research report on Tuesday, July 16th. JPMorgan Chase & Co. reissued a “buy” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, July 17th. Finally, ValuEngine raised shares of Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $240.92.

GS traded up $3.24 during trading hours on Friday, hitting $199.42. 1,824,900 shares of the company’s stock were exchanged, compared to its average volume of 2,312,395. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $245.08. The stock’s 50-day moving average is $210.00 and its two-hundred day moving average is $200.19. The stock has a market cap of $70.54 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.72 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.78.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.73 by $1.08. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 12.43%. The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter in the prior year, the company posted $5.98 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Goldman Sachs Group Inc will post 22.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a dividend of $1.25 per share. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $5.00 annualized dividend and a yield of 2.51%. Goldman Sachs Group’s dividend payout ratio is presently 13.45%.

In related news, EVP Dane E. Holmes sold 3,165 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $212.15, for a total transaction of $671,454.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.41% of the company’s stock.

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

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