Mercer Global Advisors Inc. ADV Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mercer Global Advisors Inc. ADV increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 25.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,466 shares of the investment management company’s stock after acquiring an additional 2,138 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in The Goldman Sachs Group were worth $3,423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in The Goldman Sachs Group by 1.9% in the 1st quarter. BlackRock Inc. now owns 21,489,406 shares of the investment management company’s stock worth $7,027,036,000 after acquiring an additional 408,262 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in The Goldman Sachs Group by 61.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,440,527 shares of the investment management company’s stock valued at $3,544,390,000 after buying an additional 5,115,450 shares in the last quarter. Alliancebernstein L.P. grew its holdings in The Goldman Sachs Group by 3.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,580,079 shares of the investment management company’s stock valued at $944,103,000 after buying an additional 110,499 shares in the last quarter. Fisher Asset Management LLC grew its holdings in The Goldman Sachs Group by 3.9% during the 1st quarter. Fisher Asset Management LLC now owns 2,583,280 shares of the investment management company’s stock valued at $844,733,000 after buying an additional 97,605 shares in the last quarter. Finally, Morgan Stanley grew its holdings in The Goldman Sachs Group by 31.7% during the 4th quarter. Morgan Stanley now owns 2,482,492 shares of the investment management company’s stock valued at $654,660,000 after buying an additional 597,444 shares in the last quarter. 71.29% of the stock is owned by institutional investors.

A number of research analysts have recently commented on GS shares. Morgan Stanley increased their target price on The Goldman Sachs Group from $304.00 to $332.00 and gave the company an “underweight” rating in a research report on Monday, March 1st. Barclays upped their price target on The Goldman Sachs Group from $420.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. Berenberg Bank increased their price objective on The Goldman Sachs Group from $270.00 to $330.00 and gave the company a “hold” rating in a report on Wednesday, April 21st. DA Davidson increased their price objective on The Goldman Sachs Group from $347.00 to $378.00 and gave the company a “neutral” rating in a report on Thursday, April 15th. Finally, Zacks Investment Research downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and set a $367.00 price target on the stock. in a research note on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $371.23.

Shares of GS stock opened at $373.94 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $185.52 and a 12-month high of $393.26. The company has a market cap of $127.05 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49. The business has a 50 day simple moving average of $355.54. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.81 and a quick ratio of 0.81.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 13th. The investment management company reported $18.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.22 by $8.38. The Goldman Sachs Group had a return on equity of 20.64% and a net margin of 28.40%. The business had revenue of $17.70 billion during the quarter, compared to analyst estimates of $11.74 billion. During the same period in the prior year, the company posted $3.11 EPS. The business’s revenue for the quarter was up 102.4% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 43.7 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 29th. Investors of record on Tuesday, June 1st will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 14.60%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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