QRG Capital Management Inc. Has $54.10 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

QRG Capital Management Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,440 shares of the investment management company’s stock after acquiring an additional 6,442 shares during the quarter. QRG Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $54,101,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GS. Brighton Jones LLC lifted its stake in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares in the last quarter. NBC Securities Inc. bought a new position in shares of The Goldman Sachs Group during the first quarter worth about $240,000. Fermata Advisors LLC bought a new position in The Goldman Sachs Group in the first quarter valued at approximately $306,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in The Goldman Sachs Group by 21.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,151 shares of the investment management company’s stock valued at $629,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JMP Securities reiterated a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft lifted their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Citigroup lifted their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada lifted their price objective on The Goldman Sachs Group from $750.00 to $843.00 and gave the company a “sector perform” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $713.88.

Insider Transactions at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $790.32 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. The stock has a market capitalization of $239.25 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. The stock has a fifty day moving average of $755.05 and a 200-day moving average of $655.05.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the previous year, the firm earned $8.62 EPS. The Goldman Sachs Group’s revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were issued a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is presently 35.26%.

About The Goldman Sachs Group

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 financing under securities to resale agreements.