361 Capital LLC Takes Position in Goldman Sachs Group Inc (GS)
361 Capital LLC acquired a new stake in Goldman Sachs Group Inc (NYSE:GS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,208 shares of the investment management company’s stock, valued at approximately $524,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Sumitomo Mitsui Financial Group Inc. acquired a new position in Goldman Sachs Group during the 2nd quarter worth approximately $101,000. WealthTrust Arizona LLC boosted its position in Goldman Sachs Group by 97.1% during the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after acquiring an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its position in Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Finally, Gs Investments Inc. acquired a new position in Goldman Sachs Group during the 2nd quarter worth approximately $111,000. Institutional investors and hedge funds own 73.35% of the company’s stock.
Goldman Sachs Group Inc (NYSE:GS) traded up $1.31 on Friday, reaching $248.95. The company had a trading volume of 4,764,863 shares, compared to its average volume of 3,294,208. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $255.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market cap of $93,900.00, a PE ratio of 12.47, a PEG ratio of 1.21 and a beta of 1.48.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter in the prior year, the business earned $4.88 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. analysts predict that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.58%.
In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Gregory K. Palm sold 4,620 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,177 shares of company stock worth $32,435,160. 2.57% of the stock is owned by company insiders.
GS has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Morgan Stanley upped their price objective on Goldman Sachs Group from $265.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, October 19th. JMP Securities reiterated a “market perform” rating on shares of Goldman Sachs Group in a research note on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a $260.00 price objective on Goldman Sachs Group and gave the stock a “buy” rating in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $244.65.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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