Recent changes in holdings of The Goldman Sachs Group (GS) include POM Investment Strategies LLC and Semmax Financial Advisors LLC each acquiring stakes worth around $26,000. Headlands Technologies LLC invested about $27,000. Versant Capital Management increased its holdings by 106.3%, owning now 66 shares worth $28,000. SJS Investment Consulting raised its position by 103.3%, owning 61 shares also valued at $28,000. Institutional investors control 71.21% of GS stock.
Goldman Sachs Stock Rises 1.7%
GS shares opened at $505.18. Key financial metrics include a debt-to-equity ratio of 2.20 and a market cap of $162.90 billion. The stock has climbed from a low of $289.36 to a high of $517.26 in the past year.
Goldman Sachs recently reported earnings of $8.62 per share, surpassing estimates of $8.52, with revenue reaching $12.73 billion.
Dividend Increase
The company raised its quarterly dividend from $2.75 to $3.00, with an annual yield of 2.38% and a payout ratio of 46.86%.
Insider Activity
Insider Brian J. Lee sold 3,500 shares for $1.77 million. Director Thomas K. Montag also sold 10,000 shares for $5.05 million, with both now owning fewer shares.
Analyst Updates
Several analysts raised their price targets for GS. Evercore ISI set a target of $520, and Barclays raised theirs to $565. The consensus rating is “Moderate Buy” with an average target of $504.75.
Company Overview
The Goldman Sachs Group, Inc. offers a variety of financial services globally, including investment management, banking, and advisory services for businesses and individuals.
Further Reading
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- Understanding Stock Sentiment Analysis
- Reasons to Buy Apple Stock Now
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