Czech National Bank Grows Holdings in The Goldman Sachs Group, Inc. $GS

Czech National Bank raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,885 shares of the investment management company’s stock after buying an additional 1,883 shares during the period. Czech National Bank’s holdings in The Goldman Sachs Group were worth $61,227,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its holdings in The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after acquiring an additional 116,535 shares in the last quarter. Ignite Planners LLC bought a new position in shares of The Goldman Sachs Group during the second quarter worth about $239,000. Bank of New York Mellon Corp grew its stake in The Goldman Sachs Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after purchasing an additional 157,473 shares in the last quarter. Jump Financial LLC bought a new stake in The Goldman Sachs Group in the first quarter valued at about $9,596,000. Finally, Wells Trecaso Financial Group LLC increased its holdings in The Goldman Sachs Group by 0.5% in the second quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock valued at $15,240,000 after buying an additional 108 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $871.97 on Thursday. The firm has a fifty day moving average of $805.59 and a 200-day moving average of $749.91. The company has a market cap of $261.53 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.16 and a beta of 1.36. 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, Inc. has a 1 year low of $439.38 and a 1 year high of $919.10.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $8.40 EPS. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GS shares. Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. HSBC lifted their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. UBS Group increased their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $792.67.

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.