Deltec Asset Management LLC acquired a new position in Goldman Sachs Group Inc (NYSE:GS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,360 shares of the investment management company’s stock, valued at approximately $2,612,000.
Several other hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its holdings in Goldman Sachs Group by 393.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,537 shares of the investment management company’s stock valued at $1,337,000 after purchasing an additional 5,212 shares in the last quarter. River & Mercantile Asset Management LLP boosted its stake in shares of Goldman Sachs Group by 39.4% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 19,909 shares of the investment management company’s stock worth $4,073,000 after acquiring an additional 5,629 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Goldman Sachs Group by 35.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,280 shares of the investment management company’s stock worth $4,558,000 after acquiring an additional 5,791 shares in the last quarter. United Services Automobile Association boosted its stake in shares of Goldman Sachs Group by 4.5% during the 2nd quarter. United Services Automobile Association now owns 179,584 shares of the investment management company’s stock worth $36,743,000 after acquiring an additional 7,790 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Goldman Sachs Group by 4.1% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,232 shares of the investment management company’s stock worth $4,353,000 after acquiring an additional 829 shares in the last quarter. 69.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Goldman Sachs Group stock traded down $3.44 during trading on Monday, hitting $238.48. 1,651,490 shares of the company were exchanged, compared to its average volume of 2,891,952. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 2.30. Goldman Sachs Group Inc has a fifty-two week low of $180.73 and a fifty-two week high of $250.46. The stock has a market capitalization of $85.66 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.13 and a beta of 1.37. The firm has a 50 day moving average price of $234.35 and a 200 day moving average price of $216.85.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $4.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.20 by ($0.51). The company had revenue of $9.96 billion for the quarter, compared to analyst estimates of $8.56 billion. Goldman Sachs Group had a return on equity of 10.27% and a net margin of 15.70%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.04 earnings per share. Analysts predict that Goldman Sachs Group Inc will post 24.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a $1.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.00 annualized dividend and a yield of 2.10%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 23.78%.
GS has been the topic of several research analyst reports. ValuEngine lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. JMP Securities raised Goldman Sachs Group from a “market perform” rating to an “outperform” rating and set a $290.00 price target on the stock in a research note on Monday, January 13th. DA Davidson initiated coverage on Goldman Sachs Group in a research note on Wednesday, January 8th. They set a “buy” rating and a $272.00 price target on the stock. BMO Capital Markets decreased their price target on Goldman Sachs Group from $278.00 to $264.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Finally, Bank of America raised Goldman Sachs Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $245.00 to $270.00 in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $261.53.
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.
Recommended Story: Learning About the VIX – Volatility Index
-