The Goldman Sachs Group, Inc. $GS Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,913 shares of the investment management company’s stock after acquiring an additional 4,988 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in The Goldman Sachs Group were worth $72,130,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Winthrop Advisory Group LLC grew its position in shares of The Goldman Sachs Group by 3.4% in the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 14 shares during the period. Avion Wealth boosted its stake in The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after buying an additional 14 shares during the last quarter. KPP Advisory Services LLC grew its holdings in The Goldman Sachs Group by 2.1% in the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after buying an additional 14 shares during the period. Dumont & Blake Investment Advisors LLC increased its stake in shares of The Goldman Sachs Group by 0.7% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock valued at $1,586,000 after acquiring an additional 15 shares during the last quarter. Finally, WealthBridge Capital Management LLC lifted its holdings in shares of The Goldman Sachs Group by 3.1% during the 2nd quarter. WealthBridge Capital Management LLC now owns 495 shares of the investment management company’s stock worth $350,000 after acquiring an additional 15 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 1.3%

Shares of The Goldman Sachs Group stock opened at $826.51 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $841.28. The stock has a market cap of $247.89 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The company has a fifty day moving average price of $787.51 and a 200 day moving average price of $725.68.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period last year, the company posted $8.40 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of The Goldman Sachs Group in a report on Tuesday. Morgan Stanley lowered their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. BNP Paribas Exane upped their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. HSBC increased their target price on The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, Dbs Bank boosted their price target on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $786.00.

The Goldman Sachs Group 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.