The Goldman Sachs Group, Inc. $GS Holdings Lifted by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,530 shares of the investment management company’s stock after purchasing an additional 171 shares during the period. The Goldman Sachs Group accounts for 3.2% of Cohen Investment Advisors LLC’s holdings, making the stock its 7th biggest holding. Cohen Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,037,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its holdings in shares of The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares in the last quarter. Northern Trust Corp raised its holdings in shares of The Goldman Sachs Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after acquiring an additional 40,125 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of The Goldman Sachs Group by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after acquiring an additional 120,272 shares in the last quarter. Finally, Amundi raised its holdings in shares of The Goldman Sachs Group by 13.6% during the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after acquiring an additional 225,993 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 1st. Citigroup boosted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a “market perform” rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft boosted their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $727.31.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $777.49 on Thursday. The firm has a market cap of $235.36 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.49 and a beta of 1.42. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The stock’s fifty day moving average price is $758.55 and its 200-day moving average price is $659.72.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $8.62 earnings per share. On average, equities research 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 company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were paid a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, August 29th. The Goldman Sachs Group’s payout ratio is 35.26%.

The Goldman Sachs Group 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 financing under securities to resale agreements.