Duality Advisers LP purchased a new position in shares of Goldman Sachs Group Inc (NYSE:GS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,111 shares of the investment management company’s stock, valued at approximately $1,998,000.
Several other institutional investors have also bought and sold shares of GS. Sunbelt Securities Inc. raised its holdings in shares of Goldman Sachs Group by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 11,027 shares of the investment management company’s stock worth $2,535,000 after buying an additional 178 shares in the last quarter. Franklin Resources Inc. increased its holdings in Goldman Sachs Group by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 13,998 shares of the investment management company’s stock worth $3,219,000 after purchasing an additional 103 shares in the last quarter. Fulton Bank N.A. increased its holdings in Goldman Sachs Group by 1.9% in the 1st quarter. Fulton Bank N.A. now owns 7,925 shares of the investment management company’s stock worth $1,225,000 after purchasing an additional 151 shares in the last quarter. Independent Investors Inc. increased its holdings in Goldman Sachs Group by 5.0% in the 1st quarter. Independent Investors Inc. now owns 4,240 shares of the investment management company’s stock worth $655,000 after purchasing an additional 200 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its holdings in Goldman Sachs Group by 6.7% in the 1st quarter. Triangle Securities Wealth Management now owns 8,735 shares of the investment management company’s stock worth $1,350,000 after purchasing an additional 545 shares in the last quarter. 68.02% of the stock is owned by institutional investors.
GS opened at $197.96 on Friday. The company has a 50 day moving average of $202.93 and a 200 day moving average of $199.51. The company has a market cap of $68.08 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 4.57 and a beta of 1.46. Goldman Sachs Group Inc has a 12 month low of $130.85 and a 12 month high of $250.46. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 2.42.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, August 31st. Goldman Sachs Group’s dividend payout ratio is presently 23.78%.
A number of brokerages have issued reports on GS. Berenberg Bank upped their target price on Goldman Sachs Group from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Oppenheimer upped their target price on Goldman Sachs Group from $335.00 to $355.00 in a report on Thursday, July 16th. DA Davidson increased their price target on Goldman Sachs Group from $215.00 to $238.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Odeon Capital Group raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research note on Tuesday, May 26th. Finally, Seaport Global Securities began coverage on Goldman Sachs Group in a research report on Wednesday, July 8th. They set a “buy” rating and a $261.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Buy” and an average price target of $242.57.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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