Imprint Wealth LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 143,853 shares of the investment management company’s stock, valued at approximately $14,385,000.
Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in The Goldman Sachs Group by 0.4% in the 2nd quarter. State Street Corp now owns 19,822,469 shares of the investment management company’s stock valued at $6,393,539,000 after buying an additional 76,641 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of The Goldman Sachs Group by 0.4% in the first quarter. Geode Capital Management LLC now owns 6,070,182 shares of the investment management company’s stock worth $1,981,052,000 after acquiring an additional 22,635 shares during the last quarter. Morgan Stanley increased its position in The Goldman Sachs Group by 40.0% during the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after acquiring an additional 1,696,350 shares during the period. Fisher Asset Management LLC raised its stake in The Goldman Sachs Group by 2.9% during the 2nd quarter. Fisher Asset Management LLC now owns 5,193,033 shares of the investment management company’s stock valued at $1,674,961,000 after purchasing an additional 148,425 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in The Goldman Sachs Group by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock valued at $1,396,236,000 after purchasing an additional 52,016 shares during the period. 69.06% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently commented on GS shares. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $447.00 to $468.00 and gave the company an “outperform” rating in a research report on Thursday. Atlantic Securities raised The Goldman Sachs Group from an “underweight” rating to a “neutral” rating and upped their price target for the company from $330.00 to $351.00 in a report on Tuesday, August 1st. Morgan Stanley decreased their price objective on The Goldman Sachs Group from $347.00 to $329.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 3rd. StockNews.com assumed coverage on The Goldman Sachs Group in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, HSBC started coverage on shares of The Goldman Sachs Group in a research note on Thursday, September 7th. They set a “buy” rating and a $403.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $393.76.
Insider Transactions at The Goldman Sachs Group
In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $0.71, for a total transaction of $51,740.54. Following the completion of the transaction, the insider now owns 397,954 shares in the company, valued at approximately $282,547.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.
The Goldman Sachs Group Price Performance
Shares of GS stock traded up $1.39 during trading hours on Monday, hitting $340.58. 430,622 shares of the company’s stock were exchanged, compared to its average volume of 2,370,814. The stock’s 50-day moving average is $319.07 and its 200-day moving average is $326.66. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.77 and a quick ratio of 0.77. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $389.44. The stock has a market cap of $111.07 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.98 and a beta of 1.43.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.47 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $0.05. The Goldman Sachs Group had a net margin of 7.77% and a return on equity of 7.37%. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the firm posted $8.25 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 22.98 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $11.00 annualized dividend and a dividend yield of 3.23%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 53.24%.
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for 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 lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in resale agreements.
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