Gateway Investment Advisers LLC buys 777 shares of The Goldman Sachs Group, Inc. (NYSE: GS)


Gateway Investment Advisers LLC has increased its stake in The Goldman Sachs Group, Inc. (NYSE: GS – Get Rating) by 11.8% in the first quarter, reports Holdings Channel. The company owns 7,375 shares of the investment management company after purchasing an additional 777 shares during the period. Gateway Investment Advisers LLC owned The Goldman Sachs Group at $ 2,435,000 at its last SEC filing.

A number of other institutional investors also changed their holdings in the shares. Gilman Hill Asset Management LLC increased its stake in The Goldman Sachs Group by 44.1% in the first quarter. Gilman Hill Asset Management LLC now owns 981 shares of the $ 324,000 investment management company after acquiring an additional 300 shares during the period. Walker Asset Management LLC bought a new stake in The Goldman Sachs Group in the first quarter worth $ 219,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in The Goldman Sachs Group by 204.0% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 608 shares of the $ 201,000 investment management company after acquiring an additional 408 shares during the period. Bard Financial Services Inc. increased its stake in The Goldman Sachs Group by 15.1% in the first quarter. Bard Financial Services Inc. already owns 4,950 shares of the investment management company’s shares worth $ 1,634,000 after acquiring an additional 650 shares during the period. Finally, Trinity Legacy Partners LLC increased its stake in The Goldman Sachs Group by 114.2% in the first quarter. Trinity Legacy Partners LLC now owns 15,362 shares of the investment management company worth $ 5,071,000 after acquiring an additional 8,190 shares during the period. Institutional investors and hedge funds own 71.42% of the company’s shares.

A number of brokers have recently commented on GS. Wells Fargo & Company downgraded the Goldman Sachs Group from an overweight rating to an equal weight rating in a report on Monday, February 28th. Oppenheimer lowered its price target for The Goldman Sachs Group from $ 546.00 to $ 519.00 and rated the stock as “overweight” in a report on Tuesday, May 3rd. Bank of America raised its target price for The Goldman Sachs Group from $ 349.00 to $ 360.00 and gave the shares a “neutral” rating in a research report on Monday, April 18. JPMorgan Chase & Co. set a target price of $ 416.00 for The Goldman Sachs Group in a research report on Friday, April 1. Finally, BMO Capital Markets lowered its target price for The Goldman Sachs Group from $ 488.00 to $ 486.00 and set a rating “superior” for the company in a research report on Monday, April 18. Nine investment analysts rated the shares with a retention rating and seven assigned a share purchase rating. According to MarketBeat.com, Goldman Sachs Group currently has an average Hold rating and an average target price of $ 440.73.

In related news, the CEO of Goldman Sachs Group Inc sold 13,818 shares of The Goldman Sachs Group shares in a deal on Monday, May 23rd. The shares were sold at an average price of $ 19.18, for a total transaction of $ 265,029.24. Following the completion of the sale, the director now owns 2,910,205 shares of the company’s stock worth $ 55,817,731.90. The transaction is disclosed in documentation to the Securities and Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 9,768 shares of The Goldman Sachs Group in a deal on Tuesday, April 19th. The shares were sold at an average price of $ 334.57, for a total value of $ 3,268,079.76. Following the sale, the CEO now directly owns 96,467 shares of the company’s stock worth approximately $ 32,274,964.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,330,390 shares of the company’s stock worth $ 28,952,332. 0.57% of the shares are owned by insiders of the company.

Shares of the NYSE GS opened at $ 302.75 on Friday. The shares have a market capitalization of 103.98 billion dollars, a PE ratio of 5.88, a price-earnings-growth ratio of 0.59 and a beta of 1.40. Goldman Sachs Group, Inc. has a fifty-two weekly low of $ 278.15 and a fifty-two week high of $ 426.16. The company has a debt to equity ratio of 2.47, a fast ratio of 0.88 and a current ratio of 0.88. Shares have a 50-day moving average of $ 309.85 and a 200-day moving average of $ 339.63.

Goldman Sachs Group (NYSE: GS – Get Rating) last announced its results for the quarterly earnings on Thursday, April 14. The investment management company reported earnings of $ 10.76 per share for the quarter, beating the consensus estimate of $ 8.61 by $ 2.15. The company had revenue of $ 12.93 billion in the quarter, compared to analysts’ expectations of $ 11.76 billion. Goldman Sachs Group had a return on equity of 19.08% and a net profit of 31.21%. The company’s quarterly revenues decreased by 26.9% compared to the same quarter last year. During the same period last year, the business earned $ 18.60 earnings per share. On average, sales analysts predict that The Goldman Sachs Group, Inc. will report 37.7 EPS for the current year.

The business also recently announced a three-month dividend, which will be paid on Wednesday, June 29. The record shareholders on Wednesday, June 1, will receive a dividend of $ 2.00. This represents a $ 8.00 annual dividend and a dividend yield of 2.64%. The date of the former dividend of this dividend is Tuesday, May 31. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.53%.

Company profile of Goldman Sachs Group (Get a rating)

Goldman Sachs Group, Inc., a financial institution, provides a range of financial services to corporations, financial institutions, governments and individuals around the world. It operates in four segments: investment banking, global markets, asset management and consumer and wealth management.

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Institutional ownership by quarter for The Goldman Sachs Group (NYSE: GS)



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