Hilton Capital Management LLC increased its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 22.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,960 shares of the investment management company’s stock after buying an additional 11,228 shares during the period. Goldman Sachs Group, Inc. (The) makes up 2.7% of Hilton Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Hilton Capital Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $14,233,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ancora Advisors LLC acquired a new stake in Goldman Sachs Group, Inc. (The) during the fourth quarter worth approximately $109,000. Parallel Advisors LLC acquired a new stake in Goldman Sachs Group, Inc. (The) during the fourth quarter worth approximately $121,000. Israel Discount Bank of New York GFN acquired a new stake in Goldman Sachs Group, Inc. (The) during the fourth quarter worth approximately $158,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Goldman Sachs Group, Inc. (The) during the fourth quarter worth approximately $166,000. Finally, Northwest Quadrant Wealth Management LLC acquired a new stake in Goldman Sachs Group, Inc. (The) during the fourth quarter worth approximately $171,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

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

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 221.81 on Friday. Goldman Sachs Group, Inc. has a 12-month low of $138.20 and a 12-month high of $255.15. The firm has a market capitalization of $90.79 billion, a price-to-earnings ratio of 11.80 and a beta of 1.39. The company’s 50-day moving average price is $221.04 and its 200 day moving average price is $233.11. Goldman Sachs Group, Inc. (The) also was the recipient of some unusual options trading on Wednesday. Traders bought 43,953 call options on the stock. This is an increase of 117% compared to the average daily volume of 20,215 call options.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, April 18th. The investment management company reported $5.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.31 by $0.16. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $8.33 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.38% and a return on equity of 11.26%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.68 earnings per share. On average, equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This is an increase from Goldman Sachs Group, Inc. (The)’s previous quarterly dividend of $0.65. This represents a $3.00 annualized dividend and a yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.93%.

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A number of equities research analysts have commented on the company. Vetr cut Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and set a $233.49 price target for the company. in a research note on Wednesday. ValuEngine upgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 12th. Instinet reiterated a “neutral” rating and issued a $205.00 price target (down from $214.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Saturday, June 3rd. Finally, Zacks Investment Research cut Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $236.73.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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