Afam Capital Inc. Increases Stake in Goldman Sachs (GS)
Afam Capital Inc. lifted its holdings in shares of Goldman Sachs (NYSE:GS) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,270 shares of the investment management company’s stock after acquiring an additional 352 shares during the period. Afam Capital Inc.’s holdings in Goldman Sachs were worth $5,357,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. CAPROCK Group Inc. grew its position in shares of Goldman Sachs by 8.7% during the fourth quarter. CAPROCK Group Inc. now owns 2,551 shares of the investment management company’s stock worth $656,000 after acquiring an additional 205 shares during the last quarter. Alpha Windward LLC lifted its holdings in shares of Goldman Sachs by 24.2% during the fourth quarter. Alpha Windward LLC now owns 1,062 shares of the investment management company’s stock worth $271,000 after purchasing an additional 207 shares during the period. Segment Wealth Management LLC lifted its holdings in shares of Goldman Sachs by 1.1% during the fourth quarter. Segment Wealth Management LLC now owns 19,279 shares of the investment management company’s stock worth $4,912,000 after purchasing an additional 210 shares during the period. Doyle Wealth Management lifted its holdings in shares of Goldman Sachs by 0.5% during the fourth quarter. Doyle Wealth Management now owns 46,078 shares of the investment management company’s stock worth $11,739,000 after purchasing an additional 211 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Goldman Sachs by 13.1% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 1,816 shares of the investment management company’s stock worth $457,000 after purchasing an additional 211 shares during the period. Institutional investors and hedge funds own 73.48% of the company’s stock.
Shares of Goldman Sachs opened at $240.96 on Thursday, Marketbeat reports. The firm has a market capitalization of $92.13 billion, a PE ratio of 12.19, a PEG ratio of 0.84 and a beta of 1.38. Goldman Sachs has a fifty-two week low of $240.61 and a fifty-two week high of $241.76. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.92 and a quick ratio of 0.92.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 31st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, May 30th. This is a boost from Goldman Sachs’s previous quarterly dividend of $0.75. Goldman Sachs’s dividend payout ratio (DPR) is currently 15.18%.
A number of research firms have commented on GS. ValuEngine downgraded Goldman Sachs from a “buy” rating to a “hold” rating in a report on Saturday, April 21st. Zacks Investment Research raised Goldman Sachs from a “hold” rating to a “strong-buy” rating and set a $292.00 target price for the company in a report on Friday, April 20th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Goldman Sachs in a report on Wednesday, April 18th. Credit Suisse Group raised their target price on Goldman Sachs from $274.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, April 18th. Finally, Oppenheimer raised their target price on Goldman Sachs from $280.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, April 18th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $266.78.
In related news, insider Brian J. Lee sold 6,738 shares of Goldman Sachs stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total transaction of $1,778,292.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F.W. Rogers sold 4,400 shares of Goldman Sachs stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,635 shares of company stock valued at $3,800,588. 1.71% of the stock is currently owned by company insiders.
Goldman Sachs 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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