Goldman Sachs Group Inc (GS) Shares Reduced by State Board of Administration of Florida Retirement System

Goldman Sachs Group Inc (GS) Shares Reduced by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 568,656 shares of the investment management company’s stock after selling 12,021 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Goldman Sachs Group were worth $130,632,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dodge & Cox purchased a new stake in Goldman Sachs Group during the fourth quarter worth approximately $3,399,521,000. FMR LLC raised its stake in Goldman Sachs Group by 60.2% in the fourth quarter. FMR LLC now owns 9,910,801 shares of the investment management company’s stock worth $2,373,141,000 after buying an additional 3,722,471 shares in the last quarter. State Street Corp raised its stake in Goldman Sachs Group by 8.8% in the fourth quarter. State Street Corp now owns 22,248,179 shares of the investment management company’s stock worth $5,327,337,000 after buying an additional 1,792,820 shares in the last quarter. Norges Bank purchased a new stake in Goldman Sachs Group during the fourth quarter worth approximately $389,380,000. Finally, Janus Capital Management LLC raised its stake in Goldman Sachs Group by 1,664.1% in the fourth quarter. Janus Capital Management LLC now owns 1,032,036 shares of the investment management company’s stock worth $247,048,000 after buying an additional 973,535 shares in the last quarter. 72.77% of the stock is owned by institutional investors.

Goldman Sachs Group Inc (NYSE:GS) opened at 215.01 on Friday. Goldman Sachs Group Inc has a one year low of $138.20 and a one year high of $255.15. The firm has a market cap of $88.00 billion, a P/E ratio of 11.44 and a beta of 1.50. The firm’s 50-day moving average price is $221.65 and its 200 day moving average price is $232.52. Goldman Sachs Group also was the target of unusually large options trading on Wednesday. Stock traders bought 39,013 call options on the stock. This is an increase of approximately 173% compared to the average daily volume of 14,303 call options.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, April 18th. The investment management company reported $5.15 EPS for the quarter, missing the consensus estimate of $5.31 by $0.16. Goldman Sachs Group had a return on equity of 9.78% and a net margin of 24.17%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $8.33 billion. During the same period in the prior year, the business earned $2.68 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities research analysts forecast that Goldman Sachs Group Inc will post $18.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.00 annualized dividend and a yield of 1.40%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.65. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.89%.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Goldman Sachs Group from $250.00 to $240.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 19th. Atlantic Securities raised shares of Goldman Sachs Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $214.00 to $254.00 in a research report on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 price target on shares of Goldman Sachs Group and gave the stock a “buy” rating in a research report on Saturday, May 6th. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group in a research report on Wednesday, April 19th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a $291.00 price target on shares of Goldman Sachs Group in a research report on Monday, March 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $234.53.

Goldman Sachs Group Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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