Goldman Sachs Group Inc (GS) Shares Bought by Kiwi Wealth Investments Limited Partnership

Kiwi Wealth Investments Limited Partnership boosted its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 36.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,460 shares of the investment management company’s stock after buying an additional 7,369 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Goldman Sachs Group were worth $6,916,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. ETRADE Capital Management LLC raised its holdings in shares of Goldman Sachs Group by 43.0% in the 4th quarter. ETRADE Capital Management LLC now owns 3,886 shares of the investment management company’s stock valued at $990,000 after purchasing an additional 1,169 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Goldman Sachs Group in the 4th quarter valued at about $27,652,000. Wealthfront Inc. raised its holdings in shares of Goldman Sachs Group by 18.3% in the 4th quarter. Wealthfront Inc. now owns 14,428 shares of the investment management company’s stock valued at $3,676,000 after purchasing an additional 2,232 shares in the last quarter. Circle Wealth Management LLC raised its holdings in shares of Goldman Sachs Group by 17.6% in the 4th quarter. Circle Wealth Management LLC now owns 47,702 shares of the investment management company’s stock valued at $12,153,000 after purchasing an additional 7,122 shares in the last quarter. Finally, Ferris Capital LLC raised its holdings in shares of Goldman Sachs Group by 43.2% in the 4th quarter. Ferris Capital LLC now owns 4,971 shares of the investment management company’s stock valued at $1,266,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 72.46% of the company’s stock.

Several equities research analysts have recently commented on GS shares. Credit Suisse Group boosted their price target on shares of Goldman Sachs Group from $274.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, April 18th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “strong-buy” rating and set a $292.00 price target for the company in a report on Friday, April 20th. Royal Bank of Canada restated a “neutral” rating and issued a $265.00 price target on shares of Goldman Sachs Group in a report on Tuesday, April 17th. Buckingham Research boosted their price target on shares of Goldman Sachs Group from $285.00 to $292.00 and gave the company a “neutral” rating in a report on Tuesday, April 17th. Finally, BMO Capital Markets restated a “hold” rating and issued a $245.00 price target (up previously from $221.00) on shares of Goldman Sachs Group in a report on Wednesday, April 18th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $266.78.

In other Goldman Sachs Group news, insider David M. Solomon sold 3,497 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total transaction of $854,666.80. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.71% of the stock is currently owned by insiders.

NYSE:GS opened at $233.32 on Thursday. The company has a market cap of $88.42 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.81 and a beta of 1.33. Goldman Sachs Group Inc has a twelve month low of $214.64 and a twelve month high of $275.31. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.12.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $5.58 by $1.37. The company had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $8.73 billion. Goldman Sachs Group had a net margin of 14.27% and a return on equity of 12.58%. Goldman Sachs Group’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.15 EPS. equities research analysts expect that Goldman Sachs Group Inc will post 23.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, May 30th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.75. Goldman Sachs Group’s payout ratio is currently 16.19%.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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.

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

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