Natixis boosted its stake in Goldman Sachs Group Inc (NYSE:GS) by 35.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 582,884 shares of the investment management company’s stock after acquiring an additional 153,283 shares during the period. Goldman Sachs Group accounts for 0.7% of Natixis’ investment portfolio, making the stock its 29th largest holding. Natixis owned about 0.15% of Goldman Sachs Group worth $128,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. Zions Bancorporation acquired a new position in Goldman Sachs Group in the second quarter valued at approximately $109,000. First Mercantile Trust Co. acquired a new position in Goldman Sachs Group in the second quarter valued at approximately $110,000. Crewe Advisors LLC lifted its stake in Goldman Sachs Group by 65.5% in the first quarter. Crewe Advisors LLC now owns 581 shares of the investment management company’s stock valued at $146,000 after buying an additional 230 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Goldman Sachs Group in the first quarter valued at approximately $151,000. Finally, Squar Milner Financial Services LLC acquired a new position in Goldman Sachs Group in the second quarter valued at approximately $157,000. Institutional investors and hedge funds own 71.04% of the company’s stock.
Several equities analysts have issued reports on the company. ValuEngine lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $260.00 price target on the stock in a research note on Tuesday, June 19th. Keefe, Bruyette & Woods dropped their price target on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a research note on Wednesday, July 18th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $280.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, July 17th. Finally, Societe Generale raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $273.41.
In related news, insider David M. Solomon sold 8,382 shares of the stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $232.08, for a total value of $1,945,294.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Solomon sold 8,488 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total value of $2,019,464.96. The disclosure for this sale can be found here. Corporate insiders own 2.57% of the company’s stock.
Shares of NYSE:GS opened at $234.78 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.02. Goldman Sachs Group Inc has a twelve month low of $214.64 and a twelve month high of $275.31. The company has a market cap of $89.69 billion, a PE ratio of 11.88, a PEG ratio of 0.75 and a beta of 1.27.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $1.32. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.74 billion. During the same period in the prior year, the firm earned $3.95 earnings per share. Goldman Sachs Group’s revenue for the quarter was up 19.2% on a year-over-year basis. equities analysts predict that Goldman Sachs Group Inc will post 24.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s payout ratio is currently 16.19%.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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