Grimes & Company Inc. Has $750,000 Stake in Goldman Sachs Group Inc (GS)

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Grimes & Company Inc. lessened its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,905 shares of the investment management company’s stock after selling 146 shares during the quarter. Grimes & Company Inc.’s holdings in Goldman Sachs Group were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp lifted its stake in shares of Goldman Sachs Group by 100.0% during the 1st quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Capital Financial Planning LLC purchased a new position in shares of Goldman Sachs Group during the 4th quarter valued at $26,000. CNB Bank lifted its stake in shares of Goldman Sachs Group by 108.4% during the 1st quarter. CNB Bank now owns 173 shares of the investment management company’s stock valued at $33,000 after buying an additional 90 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Goldman Sachs Group during the 4th quarter valued at $29,000. Finally, Loeb Partners Corp purchased a new position in shares of Goldman Sachs Group during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Shares of NYSE GS opened at $200.95 on Thursday. 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 firm has a market capitalization of $74.38 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 1.33 and a beta of 1.24. Goldman Sachs Group Inc has a 52-week low of $151.70 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.97. 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 net margin of 25.13% and a return on equity of 12.35%. Goldman Sachs Group’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.95 EPS. On average, equities analysts forecast that Goldman Sachs Group Inc will post 23.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $0.85 dividend. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, May 29th. Goldman Sachs Group’s payout ratio is currently 12.66%.

A number of research analysts recently weighed in on GS shares. ValuEngine upgraded shares of Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 16th. Wells Fargo & Co restated a “buy” rating and set a $250.00 target price (up previously from $235.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 16th. Oppenheimer lifted their target price on shares of Goldman Sachs Group from $257.00 to $272.00 and gave the company an “outperform” rating in a research note on Thursday, January 17th. BMO Capital Markets restated a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, January 21st. Finally, Societe Generale cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Two equities research 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’s stock. The company currently has an average rating of “Hold” and an average price target of $239.91.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of Goldman Sachs Group stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.41% of the company’s stock.

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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.

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

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