Goldman Sachs (GS) Position Increased by Massey Quick Simon & CO. LLC
13 May 2018, 02:26 | Jodi Jackson
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Analysts at Oppenheimer raised their Q2 2018 earnings estimates for Goldman Sachs in a research note issued to investors on Tuesday, April 17th, Zacks Investment Research reports. Another trade for 10,000 shares valued at $2.70 million was sold by SALAME PABLO J. Field & Main Bank increased its stake in Goldman Sachs by 4.9% during the 1st quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of Goldman Sachs in the 4th quarter worth about $127,000. Murphy Management holds 0.25% of its portfolio in The Goldman Sachs Group, Inc.
Alexandria Capital Llc decreased its stake in Goldman Sachs Group Inc Com (GS) by 4.38% based on its latest 2017Q4 regulatory filing with the SEC.
Several hedge funds have recently made changes to their positions in GSBD. ValuEngine downgraded shares of Goldman Sachs BDC from a "hold" rating to a "sell" rating in a report on Wednesday.
Apple and Goldman Sachs have been working for months on a new credit card product that would bear the Apple Pay brand, according to two people familiar with the companies' talks. Apple could also collect a "bounty" from Goldman Sachs of over $100 for each new cardholder, and Goldman Sachs may offer special lending services to clients looking to buy Apple products, though both companies are still hashing out the details of their arrangement. Wells Fargo set a $330.00 target price on shares of Goldman Sachs and gave the stock a "buy" rating in a report on Sunday, April 8th. In Wednesday, April 18 report Buckingham Research maintained it with "Neutral" rating and $292 target. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.93 average brokerage recommendation. The stock increased 0.71% or $1.71 during the last trading session, reaching $243.44. 1,538,470 shares of the company were exchanged, compared to its average volume of 3,702,861. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 3.12. Financial Architects Inc who had been investing in Goldman Sachs Group Inc for a number of months, seems to be bullish on the $91.95 billion market cap company. Goldman Sachs has a 1 year low of $241.71 and a 1 year high of $244.83.
Based on the latest 2018Q1 form from the SEC, Artal Group Sa upped its stake in Goldman Sachs Group Inc (Call) (NYSE:GS) by 75%. The institutional investor held 6,162 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $860,000, down from 8,398 at the end of the previous reported quarter. Goldman Sachs BDC had a return on equity of 11.09% and a net margin of 38.13%. The company had revenue of $35.54 million for the quarter, compared to the consensus estimate of $36.19 million. During the same period in the prior year, the business posted $5.15 EPS. During the same quarter in the prior year, the firm earned $0.40 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, May 30th. $1.17M worth of The Goldman Sachs Group, Inc. Goldman Sachs BDC's dividend payout ratio is presently 86.96%. The shares were sold at an average price of $265.37, for a total value of $1,167,628.00.
In the transaction dated February 01, 2018, the great number of shares disposed came courtesy the Vice Chairman; Salame Pablo J disposed a total of 10,000 shares at an average price of $270.42, amounting to approximately $2,704,200. The disclosure for this sale can be found here. Corporate insiders own 2.57% of the company's stock.
Meanwhile, in big investment banking land, Goldman Sachs has weathered a long slump in securities-trading (revenue fell two-thirds since 2008), which inspired the company to get into consumer banking (they started a retail banking biz called Marcus in 2016).
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