Federated Hermes Inc. Has $55.17 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Federated Hermes Inc. decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 77,944 shares of the investment management company’s stock after selling 4,738 shares during the period. Federated Hermes Inc.’s holdings in The Goldman Sachs Group were worth $55,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its stake in The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares in the last quarter. Norges Bank acquired a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $2,138,031,000. Ninety One UK Ltd acquired a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $408,780,000. AGF Management Ltd. lifted its stake in The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after purchasing an additional 466,187 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in The Goldman Sachs Group by 100,678.6% in the second quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock valued at $286,017,000 after buying an additional 403,721 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Up 1.4%

NYSE:GS opened at $866.22 on Tuesday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $870.56. 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 firm’s fifty day moving average is $791.77 and its 200-day moving average is $737.02. The firm has a market cap of $259.81 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.13 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion for 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 15.29%. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.40 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced 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 1.8%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 32.50%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GS. Dbs Bank upped their price target on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Barclays boosted their price target on The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. 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. Finally, 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 report on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.