Main Street Research LLC Buys Shares of 37,401 Goldman Sachs Group, Inc. (The) (GS)

Main Street Research LLC bought a new stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, Holdings Channel reports. The firm bought 37,401 shares of the investment management company’s stock, valued at approximately $8,592,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at approximately $109,000. Parallel Advisors LLC purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at approximately $121,000. Israel Discount Bank of New York GFN purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at approximately $158,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at approximately $166,000. Finally, Northwest Quadrant Wealth Management LLC purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at approximately $171,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Goldman Sachs Group, Inc. (NYSE GS) opened at 221.81 on Friday. Goldman Sachs Group, Inc. has a 12 month low of $138.20 and a 12 month high of $255.15. The firm has a market cap of $90.79 billion, a P/E ratio of 11.80 and a beta of 1.39. The stock has a 50 day moving average of $221.04 and a 200-day moving average of $233.11. Goldman Sachs Group, Inc. (The) also was the target of some unusual options trading activity on Wednesday. Stock investors bought 43,953 call options on the company. This represents an increase of 117% compared to the average volume of 20,215 call options.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, April 18th. The investment management company reported $5.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.31 by $0.16. Goldman Sachs Group, Inc. (The) had a return on equity of 11.26% and a net margin of 26.38%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $8.33 billion. During the same quarter in the prior year, the business posted $2.68 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts predict that Goldman Sachs Group, Inc. will post $18.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 1st will be issued a $0.75 dividend. This is a boost from Goldman Sachs Group, Inc. (The)’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, May 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.93%.

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Several equities analysts have commented on GS shares. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, March 14th. Credit Suisse Group reissued a “buy” rating and issued a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 5th. Vetr raised shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $235.71 target price on the stock in a report on Monday, March 27th. HSBC Holdings plc reissued a “buy” rating and issued a $291.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, March 27th. Finally, Bank of America Corporation decreased their target price on shares of Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $236.73.

About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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. (The) (NYSE:GS).

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