Quantinno Capital Management LP Purchases 35,188 Shares of The Goldman Sachs Group, Inc. $GS

Quantinno Capital Management LP raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 52.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,217 shares of the investment management company’s stock after purchasing an additional 35,188 shares during the period. Quantinno Capital Management LP’s holdings in The Goldman Sachs Group were worth $72,345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Clearstead Trust LLC purchased a new stake in The Goldman Sachs Group in the second quarter worth approximately $31,000. Ridgewood Investments LLC grew its position in The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 17 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $39,000. Finally, Avion Wealth lifted its holdings in shares of 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 acquiring an additional 14 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS opened at $910.93 on Friday. The stock has a market capitalization of $273.22 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The stock’s 50 day moving average price is $798.05 and its 200-day moving average price is $741.22. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $919.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the business earned $8.40 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts predict 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 disclosed 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. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GS shares. Barclays increased their target price on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Dbs Bank upped their price target on shares of 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. Royal Bank Of Canada reiterated a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. UBS Group increased their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Citigroup raised their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $786.00.

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.