Bailard Inc. Has $2.91 Million Holdings in The Goldman Sachs Group, Inc. $GS

Bailard Inc. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 123.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,107 shares of the investment management company’s stock after buying an additional 2,269 shares during the quarter. Bailard Inc.’s holdings in The Goldman Sachs Group were worth $2,907,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC raised its stake in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after acquiring an additional 29,053,586 shares in the last quarter. Nuveen LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth approximately $897,185,000. Ninety One UK Ltd acquired a new stake in shares of The Goldman Sachs Group in the second quarter worth $408,780,000. AGF Management Ltd. raised its stake in The Goldman Sachs Group by 2,429.6% during the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after purchasing an additional 466,187 shares during the last quarter. Finally, Amundi raised its stake in 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 valued at $967,193,000 after purchasing an additional 225,993 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 3.5%

Shares of NYSE GS opened at $838.80 on Thursday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $840.00. The stock has a market cap of $251.58 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The company’s fifty day moving average is $782.87 and its 200-day moving average is $707.08.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $8.40 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GS. Barclays boosted their price objective on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Citigroup upped their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 target price (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Finally, BNP Paribas Exane boosted their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $779.50.

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.