Federated Hermes Inc. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 14.8% within the second quarter, in response to its most up-to-date disclosure with the Securities & Change Fee. The fund owned 97,369 shares of the funding administration firm’s inventory after promoting 16,888 shares throughout the interval. Federated Hermes Inc.’s holdings in The Goldman Sachs Group have been price $44,042,000 as of its most up-to-date submitting with the Securities & Change Fee.
Different hedge funds and different institutional buyers have additionally lately modified their holdings of the corporate. Worldwide Property Funding Administration LLC bought a brand new place in shares of The Goldman Sachs Group throughout the 1st quarter price $1,903,374,000. Norges Financial institution bought a brand new place in The Goldman Sachs Group throughout the fourth quarter price about $1,120,119,000. AMF Tjanstepension AB boosted its holdings in The Goldman Sachs Group by 1,102.4% within the 2nd quarter. AMF Tjanstepension AB now owns 810,836 shares of the funding administration firm’s inventory valued at $366,780,000 after buying a further 743,402 shares over the past quarter. Wellington Administration Group LLP grew its stake in shares of The Goldman Sachs Group by 27.0% within the 4th quarter. Wellington Administration Group LLP now owns 2,184,196 shares of the funding administration firm’s inventory valued at $842,597,000 after shopping for a further 464,954 shares throughout the interval. Lastly, Verity & Verity LLC elevated its holdings in shares of The Goldman Sachs Group by 26,378.2% throughout the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the funding administration firm’s inventory price $170,000 after shopping for a further 406,224 shares over the past quarter. 71.21% of the inventory is owned by hedge funds and different institutional buyers.
The Goldman Sachs Group Worth Efficiency
GS inventory opened at $478.99 on Friday. The Goldman Sachs Group, Inc. has a 1 yr low of $289.36 and a 1 yr excessive of $517.26. The agency has a market capitalization of $154.46 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.73 and a beta of 1.36. The corporate has a debt-to-equity ratio of two.20, a present ratio of 0.72 and a fast ratio of 0.72. The enterprise’s 50-day shifting common is $490.33 and its two-hundred day shifting common is $451.20.
The Goldman Sachs Group (NYSE:GS – Get Free Report) final issued its earnings outcomes on Monday, July fifteenth. The funding administration firm reported $8.62 earnings per share for the quarter, beating the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a web margin of 9.36% and a return on fairness of 10.56%. The agency had income of $12.73 billion for the quarter, in comparison with analysts’ expectations of $12.60 billion. Analysts anticipate that The Goldman Sachs Group, Inc. will publish 35.5 earnings per share for the present fiscal yr.
The Goldman Sachs Group Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which will probably be paid on Friday, September twenty seventh. Buyers of file on Friday, August thirtieth will probably be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, August thirtieth. This represents a $12.00 dividend on an annualized foundation and a dividend yield of two.51%. This is a rise from The Goldman Sachs Group’s earlier quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is presently 46.86%.
Insider Exercise at The Goldman Sachs Group
In different The Goldman Sachs Group information, insider Brian J. Lee offered 3,500 shares of The Goldman Sachs Group inventory in a transaction dated Tuesday, July sixteenth. The inventory was offered at a mean worth of $505.99, for a complete transaction of $1,770,965.00. Following the completion of the sale, the insider now immediately owns 12,095 shares of the corporate’s inventory, valued at roughly $6,119,949.05. The sale was disclosed in a doc filed with the Securities & Change Fee, which will be accessed by way of this hyperlink. In different information, insider Brian J. Lee offered 3,500 shares of the agency’s inventory in a transaction dated Tuesday, July sixteenth. The inventory was offered at a mean worth of $505.99, for a complete transaction of $1,770,965.00. Following the sale, the insider now owns 12,095 shares of the corporate’s inventory, valued at roughly $6,119,949.05. The sale was disclosed in a submitting with the Securities & Change Fee, which is out there by way of this hyperlink. Additionally, Director Thomas Ok. Montag offered 10,000 shares of the corporate’s inventory in a transaction that occurred on Tuesday, July sixteenth. The shares have been offered at a mean worth of $505.04, for a complete worth of $5,050,400.00. Following the completion of the transaction, the director now immediately owns 12,450 shares of the corporate’s inventory, valued at $6,287,748. The disclosure for this sale will be discovered right here. 0.54% of the inventory is presently owned by company insiders.
Wall Road Analysts Forecast Development
GS has been the topic of a number of analyst reviews. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” score to a “maintain” score in a analysis report on Tuesday, July 2nd. Barclays boosted their worth goal on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the corporate an “chubby” score in a report on Tuesday, July sixteenth. Evercore ISI elevated their goal worth on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the inventory an “outperform” score in a analysis observe on Tuesday, July sixteenth. Citigroup lifted their worth goal on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the corporate a “impartial” score in a analysis report on Tuesday, July sixteenth. Lastly, Wells Fargo & Firm elevated their worth goal on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the inventory an “chubby” score in a analysis report on Tuesday, July sixteenth. 5 analysts have rated the inventory with a maintain score and fourteen have given a purchase score to the inventory. Primarily based on information from MarketBeat.com, the corporate presently has a consensus score of “Average Purchase” and a mean goal worth of $496.44.
View Our Newest Inventory Evaluation on The Goldman Sachs Group
About The Goldman Sachs Group
The Goldman Sachs Group, Inc, a monetary establishment, gives a spread of monetary providers for companies, monetary establishments, governments, and people worldwide. It operates by way of World Banking & Markets, Asset & Wealth Administration, and Platform Options segments. The World Banking & Markets phase gives monetary advisory providers, together with strategic advisory assignments associated to mergers and acquisitions, divestitures, company protection actions, restructurings, and spin-offs; and relationship lending, and acquisition financing, in addition to secured lending, by way of structured credit score and asset-backed lending and concerned in financing underneath securities to resale agreements.
Additional Studying
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