Groesbeck Investment Management Corp NJ Has $963,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Groesbeck Investment Management Corp NJ grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,945 shares of the investment management company’s stock after purchasing an additional 160 shares during the period. The Goldman Sachs Group comprises 1.4% of Groesbeck Investment Management Corp NJ’s portfolio, making the stock its 24th largest holding. Groesbeck Investment Management Corp NJ’s holdings in The Goldman Sachs Group were worth $963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of The Goldman Sachs Group by 0.6% in the 4th quarter. BlackRock Inc. now owns 21,081,144 shares of the investment management company’s stock valued at $5,559,314,000 after purchasing an additional 132,529 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in The Goldman Sachs Group by 61.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,440,527 shares of the investment management company’s stock worth $3,544,390,000 after buying an additional 5,115,450 shares during the last quarter. Alliancebernstein L.P. increased its holdings in The Goldman Sachs Group by 3.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,580,079 shares of the investment management company’s stock worth $944,103,000 after buying an additional 110,499 shares during the last quarter. Greenhaven Associates Inc. increased its holdings in The Goldman Sachs Group by 3.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,064,188 shares of the investment management company’s stock worth $808,057,000 after buying an additional 90,008 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in The Goldman Sachs Group by 3.9% in the first quarter. Fisher Asset Management LLC now owns 2,583,280 shares of the investment management company’s stock worth $844,733,000 after buying an additional 97,605 shares during the last quarter. Institutional investors own 68.05% of the company’s stock.

A number of equities analysts recently commented on GS shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on The Goldman Sachs Group from $390.00 to $410.00 in a report on Friday, April 23rd. Morgan Stanley increased their price objective on The Goldman Sachs Group from $304.00 to $332.00 and gave the stock an “underweight” rating in a report on Monday, March 8th. Credit Suisse Group increased their price objective on The Goldman Sachs Group from $395.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 21st. BMO Capital Markets increased their price objective on The Goldman Sachs Group from $409.00 to $432.00 and gave the stock an “outperform” rating in a report on Thursday, April 22nd. Finally, DA Davidson upped their target price on The Goldman Sachs Group from $347.00 to $378.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. The Goldman Sachs Group has a consensus rating of “Buy” and an average price target of $358.59.

In related news, EVP John F.W. Rogers sold 10,000 shares of the firm’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $313.25, for a total value of $3,132,500.00. Also, CFO Stephen M. Scherr sold 20,000 shares of the firm’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $312.61, for a total value of $6,252,200.00. 0.60% of the stock is owned by company insiders.

GS opened at $368.77 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $170.58 and a 1-year high of $376.98. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $125.29 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.65 and a beta of 1.50. The business has a 50 day moving average of $340.86 and a 200-day moving average of $290.15.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, April 13th. The investment management company reported $18.60 earnings per share for the quarter, beating the consensus estimate of $10.22 by $8.38. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The company had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $11.74 billion. During the same period in the prior year, the business earned $3.11 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 102.4% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group, Inc. will post 26.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 29th. Stockholders of record on Tuesday, June 1st will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $5.00 annualized dividend and a dividend yield of 1.36%. The Goldman Sachs Group’s dividend payout ratio is 23.78%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

See Also: Special Dividends

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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