Goldman Sachs Group Inc (GS) Shares Bought by Campbell Newman Asset Management Inc.
Campbell Newman Asset Management Inc. raised its holdings in Goldman Sachs Group Inc (NYSE:GS) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,294 shares of the investment management company’s stock after purchasing an additional 72 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Goldman Sachs Group were worth $632,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC raised its position in shares of Goldman Sachs Group by 10.6% during the fourth quarter. Belpointe Asset Management LLC now owns 3,465 shares of the investment management company’s stock worth $579,000 after acquiring an additional 333 shares during the last quarter. Legal & General Group Plc increased its holdings in Goldman Sachs Group by 6.8% in the fourth quarter. Legal & General Group Plc now owns 1,739,119 shares of the investment management company’s stock valued at $290,444,000 after purchasing an additional 110,588 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in Goldman Sachs Group by 29.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock valued at $32,466,000 after purchasing an additional 45,206 shares during the last quarter. Morgan Stanley increased its holdings in Goldman Sachs Group by 1.7% in the third quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock valued at $730,458,000 after purchasing an additional 52,899 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. increased its holdings in Goldman Sachs Group by 9.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 70.11% of the company’s stock.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by insiders.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same period in the previous year, the firm earned $5.68 earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Goldman Sachs Group Inc will post 23.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th were paid a $0.80 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $3.20 dividend on an annualized basis and a yield of 1.60%. Goldman Sachs Group’s payout ratio is 12.66%.
A number of equities research analysts recently commented on the company. BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Monday, January 21st. HSBC set a $202.00 price objective on Goldman Sachs Group and gave the company a “neutral” rating in a report on Thursday, April 4th. Oppenheimer upped their price objective on Goldman Sachs Group from $257.00 to $272.00 and gave the company an “outperform” rating in a report on Thursday, January 17th. Zacks Investment Research upgraded Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, ValuEngine downgraded Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $251.08.
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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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