1832 Asset Management L.P. Grows Stock Position in The Goldman Sachs Group, Inc. $GS

1832 Asset Management L.P. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4,156.5% in the 2nd quarter, Holdings Channel reports. The fund owned 219,891 shares of the investment management company’s stock after purchasing an additional 214,725 shares during the period. 1832 Asset Management L.P.’s holdings in The Goldman Sachs Group were worth $155,628,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in The Goldman Sachs Group during the 1st quarter valued at $25,000. Dogwood Wealth Management LLC boosted its position in 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 valued at $26,000 after buying an additional 36 shares during the last quarter. Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter valued at about $31,000. Ridgewood Investments LLC increased its position in shares of 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 worth $38,000 after acquiring an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth about $39,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.5%

Shares of The Goldman Sachs Group stock opened at $815.08 on Wednesday. The stock has a market capitalization of $244.47 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 1.36. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $841.28. 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 business’s 50 day simple moving average is $787.80 and its 200-day simple moving average is $730.09.

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 analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $8.40 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Analysts Set New Price Targets

GS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Dbs Bank increased their target price on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of The Goldman Sachs Group in a report on Monday. BNP Paribas Exane boosted their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Finally, UBS Group increased their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Four equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $786.00.

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.