Hancock Whitney Corp owns $1.93 million in The Goldman Sachs Group, Inc. (NYSE:GS)

VaselineSeptember 22, 2024

0 5 minutes read

Hancock Whitney Corp increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 101.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission ( SEC ). The firm owned 4,270 shares of the investment management company’s stock after purchasing an additional 2,151 shares during the quarter. Hancock Whitney Corp’s holdings in The Goldman Sachs Group were worth $1,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Personal Financial Services acquired a new position in Goldman Sachs Group in the first quarter valued at about $25,000. POM Investment Strategies LLC purchased a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group in the second quarter valued at about $27,000. Versant Capital Management Inc boosted its stake in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the period. Finally, SJS Investment Consulting Inc. boosted its stake in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares during the period. 71.21% of the shares are currently owned by institutional investors and hedge funds.

Changes in Analyst Ratings

GS has been the subject of several recent research reports. Barclays upped their target price on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Seaport Res Ptn cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Evercore ISI boosted their price target on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.44, based on data from MarketBeat.

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Goldman Sachs Group Price Performance

Shares of GS opened at $498.43 on Friday. The stock has a market cap of $160.73 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.73 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72, and a quick ratio of 0.72. The company has a 50-day simple moving average of $491.96 and a 200-day simple moving average of $454.73. Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26.

Goldman Sachs Group (NYSE:GS – Get Free Report ) last announced its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current fiscal year.

Goldman Sachs Group increased dividends

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $3.00 per share. This represents a dividend of $12.00 on an annualized basis and a dividend yield of 2.41%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

Transactions within the Goldman Sachs group

In related news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a filing with the SEC, which can be accessed via this link. In other Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the sale, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s shares.

Goldman Sachs Group Profile

(Free Report)

Goldman Sachs Group, Inc, a financial institution, provides a wide range of financial services to corporations, financial institutions, governments and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings and spin-offs; and relationship loans and acquisition financing, as well as secured loans, through structured credit and asset-backed loans and involved in financing under securities resale agreements.