Macquarie Group Ltd. boosted its position in Goldman Sachs Group Inc. (NYSE:GS) by 26.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,955 shares of the investment management company’s stock after buying an additional 23,529 shares during the period. Macquarie Group Ltd.’s holdings in Goldman Sachs Group were worth $16,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GS. Chicago Partners Investment Group LLC increased its position in Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock valued at $155,000 after buying an additional 5 shares during the period. Pitcairn Co. increased its position in Goldman Sachs Group by 0.4% in the second quarter. Pitcairn Co. now owns 4,947 shares of the investment management company’s stock valued at $735,000 after buying an additional 18 shares during the period. Condor Capital Management increased its position in Goldman Sachs Group by 0.4% in the second quarter. Condor Capital Management now owns 6,177 shares of the investment management company’s stock valued at $918,000 after buying an additional 25 shares during the period. Pacific Global Investment Management CO increased its position in Goldman Sachs Group by 0.3% in the second quarter. Pacific Global Investment Management CO now owns 10,233 shares of the investment management company’s stock valued at $1,520,000 after buying an additional 29 shares during the period. Finally, AMG National Trust Bank increased its position in Goldman Sachs Group by 0.3% in the second quarter. AMG National Trust Bank now owns 10,130 shares of the investment management company’s stock valued at $1,505,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 69.61% of the company’s stock.

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

Goldman Sachs Group Inc. (NYSE:GS) traded down 0.38% during trading on Monday, hitting $210.58. The stock had a trading volume of 2,150,481 shares. The stock’s 50-day moving average is $185.81 and its 200 day moving average is $165.88. The firm has a market cap of $88.19 billion, a price-to-earnings ratio of 16.90 and a beta of 1.55. Goldman Sachs Group Inc. has a one year low of $138.20 and a one year high of $213.41.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.79 by $1.09. The firm earned $8.17 billion during the quarter, compared to analyst estimates of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.51 EPS. Equities analysts anticipate that Goldman Sachs Group Inc. will post $15.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 29th. Goldman Sachs Group’s payout ratio is presently 20.72%.

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A number of brokerages recently commented on GS. Rafferty Capital Markets upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Monday, October 17th. TheStreet upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Royal Bank Of Canada upped their target price on Goldman Sachs Group from $160.00 to $170.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 19th. JPMorgan Chase & Co. set a $176.00 target price on Goldman Sachs Group and gave the company a “buy” rating in a research report on Thursday, September 22nd. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $210.00 target price on shares of Goldman Sachs Group in a research report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $182.28.

In other news, insider Gary D. Cohn sold 3,566 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $208.65, for a total transaction of $744,045.90. Following the completion of the transaction, the insider now directly owns 566,791 shares in the company, valued at approximately $118,260,942.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the transaction, the insider now owns 13,075 shares of the company’s stock, valued at $2,222,750. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by corporate insiders.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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