Atom Investors LP acquired a new stake in Goldman Sachs Group Inc (NYSE:GS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,072 shares of the investment management company’s stock, valued at approximately $3,571,000.
Several other institutional investors have also made changes to their positions in the company. SevenBridge Financial Group LLC raised its holdings in Goldman Sachs Group by 2.0% in the second quarter. SevenBridge Financial Group LLC now owns 2,533 shares of the investment management company’s stock valued at $501,000 after acquiring an additional 50 shares in the last quarter. CKW Financial Group raised its stake in shares of Goldman Sachs Group by 7.7% in the 2nd quarter. CKW Financial Group now owns 700 shares of the investment management company’s stock valued at $138,000 after purchasing an additional 50 shares in the last quarter. Clarius Group LLC lifted its position in shares of Goldman Sachs Group by 1.7% during the second quarter. Clarius Group LLC now owns 3,117 shares of the investment management company’s stock worth $616,000 after purchasing an additional 51 shares during the last quarter. Rampart Investment Management Company LLC lifted its position in shares of Goldman Sachs Group by 2.3% during the second quarter. Rampart Investment Management Company LLC now owns 2,407 shares of the investment management company’s stock worth $476,000 after purchasing an additional 55 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in Goldman Sachs Group by 7.1% in the second quarter. Laurel Wealth Advisors LLC now owns 830 shares of the investment management company’s stock worth $164,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 68.70% of the company’s stock.
Shares of NYSE GS traded up $3.38 during midday trading on Friday, reaching $210.94. 3,652,037 shares of the company traded hands, compared to its average volume of 2,888,629. The company has a market cap of $72.58 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 7.19 and a beta of 1.42. The stock has a 50-day moving average price of $205.75 and a 200 day moving average price of $193.08. Goldman Sachs Group Inc has a 52 week low of $130.85 and a 52 week high of $250.46. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.76 and a quick ratio of 0.76.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, July 15th. The investment management company reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $2.48. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $9.76 billion. Goldman Sachs Group had a net margin of 13.40% and a return on equity of 9.07%. Goldman Sachs Group’s revenue was up 40.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.81 EPS. As a group, analysts expect that Goldman Sachs Group Inc will post 12.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, August 31st. Goldman Sachs Group’s payout ratio is currently 23.78%.
Several research analysts have recently commented on GS shares. Morgan Stanley lifted their target price on Goldman Sachs Group from $177.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Bank of America lifted their price objective on shares of Goldman Sachs Group from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Berenberg Bank increased their target price on shares of Goldman Sachs Group from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Deutsche Bank raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Thursday, June 4th. Finally, UBS Group reaffirmed a “hold” rating and set a $200.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, July 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Buy” and a consensus price target of $243.52.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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