HighVista Strategies LLC acquired a new stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,500 shares of the investment management company’s stock, valued at approximately $333,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waldron LP bought a new stake in Goldman Sachs Group, Inc. (The) in the first quarter valued at $277,000. Norinchukin Bank The grew its position in Goldman Sachs Group, Inc. (The) by 1.8% in the first quarter. Norinchukin Bank The now owns 50,584 shares of the investment management company’s stock valued at $11,620,000 after acquiring an additional 896 shares during the period. Twin Capital Management Inc. grew its position in Goldman Sachs Group, Inc. (The) by 20.7% in the first quarter. Twin Capital Management Inc. now owns 30,400 shares of the investment management company’s stock valued at $6,983,000 after acquiring an additional 5,220 shares during the period. Quantitative Investment Management LLC grew its position in Goldman Sachs Group, Inc. (The) by 251.2% in the first quarter. Quantitative Investment Management LLC now owns 72,000 shares of the investment management company’s stock valued at $16,539,000 after acquiring an additional 51,500 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Goldman Sachs Group, Inc. (The) in the first quarter valued at $252,000. Institutional investors and hedge funds own 73.14% of the company’s stock.
Several equities analysts have recently issued reports on GS shares. Credit Suisse Group lowered Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “neutral” rating and upped their price target for the company from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Keefe, Bruyette & Woods downgraded Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $260.00 to $240.00 in a report on Wednesday, July 19th. BMO Capital Markets increased their price target on Goldman Sachs Group, Inc. (The) from $202.00 to $217.00 and gave the company a “market perform” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research cut Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $245.06.
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Shares of Goldman Sachs Group, Inc. (GS) traded down $0.64 on Friday, reaching $240.15. The company’s stock had a trading volume of 1,845,600 shares, compared to its average volume of 3,316,952. The firm has a market cap of $90,826.35, a P/E ratio of 12.54, a PEG ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 52-week low of $198.25 and a 52-week high of $255.15. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.89.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.88 EPS. equities research analysts forecast that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 15.63%.
In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold a total of 37,344 shares of company stock worth $9,125,608 over the last three months. 2.57% of the stock is owned by company insiders.
Goldman Sachs Group, Inc. (The) Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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