Northstar Capital Management LLC boosted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,768 shares of the investment management company’s stock after purchasing an additional 124 shares during the period. Goldman Sachs Group comprises 1.8% of Northstar Capital Management LLC’s holdings, making the stock its 19th largest position. Northstar Capital Management LLC’s holdings in Goldman Sachs Group were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in GS. Toth Financial Advisory Corp boosted 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 worth $27,000 after buying an additional 70 shares during the last quarter. Alera Investment Advisors LLC boosted its stake in shares of Goldman Sachs Group by 71.8% during the 1st quarter. Alera Investment Advisors LLC now owns 146 shares of the investment management company’s stock worth $28,000 after buying an additional 61 shares during the last quarter. CNB Bank lifted its stake in Goldman Sachs Group by 108.4% in the 1st quarter. CNB Bank now owns 173 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 90 shares during the last quarter. Liberty Wealth Management LLC acquired a new stake in Goldman Sachs Group in the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new stake in Goldman Sachs Group in the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 68.49% of the company’s stock.
In other news, EVP Dane E. Holmes sold 3,165 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $212.15, for a total transaction of $671,454.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.41% of the company’s stock.
GS stock traded down $1.28 during mid-day trading on Tuesday, hitting $219.04. 25,996 shares of the company were exchanged, compared to its average volume of 2,349,839. The business has a 50 day simple moving average of $205.70. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 2.43. The firm has a market cap of $80.25 billion, a PE ratio of 8.68, a PEG ratio of 0.81 and a beta of 1.30. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $245.08.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.73 by $1.08. The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $8.88 billion. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 11.99%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business posted $5.98 earnings per share. Sell-side analysts predict that Goldman Sachs Group Inc will post 22.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, August 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a yield of 2.28%. Goldman Sachs Group’s dividend payout ratio (DPR) is 13.45%.
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.
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