Ameliora Wealth Management Ltd. Purchases Shares of 795 The Goldman Sachs Group, Inc. $GS

Ameliora Wealth Management Ltd. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 795 shares of the investment management company’s stock, valued at approximately $563,000.

Several other institutional investors and hedge funds have also modified their holdings of GS. Kingstone Capital Partners Texas LLC lifted its position in shares of The Goldman Sachs Group by 617,504.5% during the second 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 purchasing an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth approximately $1,766,238,000. Nuveen LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth approximately $897,185,000. Assenagon Asset Management S.A. lifted its holdings in The Goldman Sachs Group by 102.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock worth $8,065,000 after buying an additional 585,084 shares in the last quarter. Finally, Ninety One UK Ltd bought a new position in The Goldman Sachs Group in the 2nd quarter valued at $408,780,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO John E. Waldron sold 9,000 shares of the company’s 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 completion of the transaction, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the sale, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 in the last quarter. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GS has been the topic of several research reports. JMP Securities reaffirmed a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Evercore ISI boosted their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Citigroup upped their target price on shares of 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. BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research report on Friday. They set a “market perform” rating and a $785.00 price target for the company. Finally, Royal Bank Of Canada increased their price objective on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the company a “sector perform” rating in a report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $717.00.

The Goldman Sachs Group Price Performance

GS opened at $796.13 on Tuesday. The stock has a market cap of $241.00 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.64 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a fifty day simple moving average of $756.50 and a 200 day simple moving average of $657.99.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the previous year, the company posted $8.62 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $4.00 dividend. The ex-dividend date was Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s payout ratio is presently 35.26%.

About The Goldman Sachs Group

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.