The Goldman Sachs Group, Inc. $GS Stock Holdings Lifted by Homestead Advisers Corp

Homestead Advisers Corp boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 206,036 shares of the investment management company’s stock after buying an additional 400 shares during the period. The Goldman Sachs Group accounts for approximately 3.5% of Homestead Advisers Corp’s holdings, making the stock its 2nd biggest position. Homestead Advisers Corp’s holdings in The Goldman Sachs Group were worth $145,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GS. FWG Holdings LLC boosted its stake in shares of The Goldman Sachs Group by 32.2% in the second quarter. FWG Holdings LLC now owns 1,158 shares of the investment management company’s stock worth $841,000 after acquiring an additional 282 shares during the period. Corps Capital Advisors LLC lifted its holdings in The Goldman Sachs Group by 2.8% in the 2nd quarter. Corps Capital Advisors LLC now owns 3,304 shares of the investment management company’s stock worth $2,338,000 after purchasing an additional 89 shares in the last quarter. NewSquare Capital LLC boosted its stake in The Goldman Sachs Group by 88.5% in the 2nd quarter. NewSquare Capital LLC now owns 230 shares of the investment management company’s stock worth $163,000 after purchasing an additional 108 shares during the period. Rockline Wealth Management LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $220,000. Finally, Magnolia Capital Advisors LLC grew its holdings in The Goldman Sachs Group by 5.2% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 503 shares of the investment management company’s stock valued at $356,000 after buying an additional 25 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays boosted their target price 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 boosted their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. HSBC lifted their target price on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada reissued a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $779.50.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $791.23 on Wednesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm has a market capitalization of $239.52 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The company’s 50-day moving average is $775.64 and its 200 day moving average is $696.77.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $8.40 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company 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.