215,000 Shares in The Goldman Sachs Group, Inc. $GS Bought by Holocene Advisors LP

Holocene Advisors LP bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 215,000 shares of the investment management company’s stock, valued at approximately $152,166,000.

A number of other large investors have also made changes to their positions in the company. Dogwood Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares during the period. Clearstead Trust LLC bought a new stake in The Goldman Sachs Group during the second quarter valued at approximately $31,000. Graney & King LLC increased its holdings in The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after buying an additional 17 shares during the last quarter. Ridgewood Investments LLC increased its holdings 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 buying an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new position in The Goldman Sachs Group in the second quarter worth approximately $39,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Down 2.5%

NYSE GS opened at $887.90 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $919.10. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The stock has a market cap of $266.31 billion, a PE ratio of 18.04, a P/E/G ratio of 1.20 and a beta of 1.36. The stock’s 50 day moving average is $800.00 and its 200 day moving average is $743.23.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the previous year, the firm earned $8.40 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GS. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Morgan Stanley lowered their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 1st. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada increased their price objective on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $787.06.

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.