WP Advisors LLC Purchases New Holdings in Goldman Sachs Group Inc (GS)
WP Advisors LLC purchased a new stake in Goldman Sachs Group Inc (NYSE:GS) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,050 shares of the investment management company’s stock, valued at approximately $202,000.
A number of other institutional investors have also recently bought and sold shares of GS. Vanguard Group Inc. boosted its holdings in Goldman Sachs Group by 1.3% during the third quarter. Vanguard Group Inc. now owns 24,669,387 shares of the investment management company’s stock worth $5,531,864,000 after buying an additional 307,849 shares during the last quarter. Vanguard Group Inc raised its position in shares of Goldman Sachs Group by 1.3% during the third quarter. Vanguard Group Inc now owns 24,669,387 shares of the investment management company’s stock worth $5,531,864,000 after purchasing an additional 307,849 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Goldman Sachs Group by 17,481.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after purchasing an additional 16,546,702 shares during the period. Jennison Associates LLC raised its position in shares of Goldman Sachs Group by 17.8% during the fourth quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after purchasing an additional 710,479 shares during the period. Finally, Northern Trust Corp raised its position in shares of Goldman Sachs Group by 3.1% during the fourth quarter. Northern Trust Corp now owns 4,301,885 shares of the investment management company’s stock worth $718,630,000 after purchasing an additional 129,610 shares during the period. Institutional investors and hedge funds own 70.11% of the company’s stock.
In related news, EVP Dane E. Holmes sold 1,489 shares of Goldman Sachs Group stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.41% of the stock is currently owned by company insiders.
Goldman Sachs Group stock traded down $6.80 during midday trading on Monday, reaching $201.04. The stock had a trading volume of 308,146 shares, compared to its average volume of 3,072,185. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $262.50. The firm has a market cap of $74.39 billion, a PE ratio of 7.95, a P/E/G ratio of 1.31 and a beta of 1.22. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.92 and a current ratio of 0.92.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same quarter last year, the firm earned $5.68 EPS. Goldman Sachs Group’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Goldman Sachs Group Inc will post 23.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 12.66%.
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.
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