Nomura Asset Management Co. Ltd. raised its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 27.6% in the first quarter, HoldingsChannel.com reports. The firm owned 102,022 shares of the investment management company’s stock after buying an additional 22,089 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Goldman Sachs Group were worth $15,771,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Ancora Advisors LLC bought a new stake in Goldman Sachs Group during the 4th quarter valued at $92,000. ING Groep NV boosted its holdings in Goldman Sachs Group by 123.1% during the 4th quarter. ING Groep NV now owns 23,859 shares of the investment management company’s stock worth $5,486,000 after acquiring an additional 13,167 shares during the last quarter. Windsor Capital Management LLC boosted its holdings in Goldman Sachs Group by 12.3% during the 4th quarter. Windsor Capital Management LLC now owns 2,285 shares of the investment management company’s stock worth $525,000 after acquiring an additional 250 shares during the last quarter. Greenleaf Trust boosted its holdings in Goldman Sachs Group by 1.3% during the 4th quarter. Greenleaf Trust now owns 4,763 shares of the investment management company’s stock worth $1,095,000 after acquiring an additional 61 shares during the last quarter. Finally, Blue Square Asset Management LLC boosted its holdings in Goldman Sachs Group by 11.3% during the 1st quarter. Blue Square Asset Management LLC now owns 4,751 shares of the investment management company’s stock worth $734,000 after acquiring an additional 484 shares during the last quarter. Institutional investors and hedge funds own 68.07% of the company’s stock.
Shares of NYSE:GS traded down $15.04 on Thursday, hitting $198.48. 2,623,367 shares of the company traded hands, compared to its average volume of 4,029,933. Goldman Sachs Group Inc has a 52 week low of $130.85 and a 52 week high of $250.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.78. The stock has a 50 day simple moving average of $187.69 and a 200-day simple moving average of $205.55. The company has a market cap of $73.43 billion, a PE ratio of 11.60, a PEG ratio of 6.60 and a beta of 1.45.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, April 15th. The investment management company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.28. Goldman Sachs Group had a return on equity of 9.26% and a net margin of 14.04%. The firm had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $7.92 billion. During the same period last year, the company earned $5.71 earnings per share. The company’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Goldman Sachs Group Inc will post 13.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.52%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 23.78%.
A number of brokerages recently issued reports on GS. Citigroup restated a “buy” rating and issued a $245.00 price objective on shares of Goldman Sachs Group in a research note on Thursday, April 16th. DA Davidson upped their price target on Goldman Sachs Group from $165.00 to $185.00 in a research report on Friday, April 17th. Berenberg Bank set a $160.00 price objective on shares of Goldman Sachs Group and gave the stock a “hold” rating in a research report on Thursday, March 26th. Societe Generale upgraded shares of Goldman Sachs Group from a “sell” rating to a “buy” rating in a research report on Tuesday, April 14th. Finally, BMO Capital Markets upgraded shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $205.00 to $276.00 in a research report on Thursday, May 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Goldman Sachs Group has an average rating of “Buy” and an average price target of $223.33.
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.
Featured Article: Retained Earnings
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.