The Goldman Sachs Group, Inc. $GS is AGF Management Ltd.’s 10th Largest Position

AGF Management Ltd. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2,429.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,375 shares of the investment management company’s stock after purchasing an additional 466,187 shares during the quarter. The Goldman Sachs Group comprises 1.6% of AGF Management Ltd.’s investment portfolio, making the stock its 10th biggest position. AGF Management Ltd. owned about 0.16% of The Goldman Sachs Group worth $343,524,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AE Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 7.8% in the second quarter. AE Wealth Management LLC now owns 82,137 shares of the investment management company’s stock worth $58,133,000 after buying an additional 5,977 shares in the last quarter. Metis Global Partners LLC grew its position in The Goldman Sachs Group by 4.2% during the second quarter. Metis Global Partners LLC now owns 15,558 shares of the investment management company’s stock worth $11,011,000 after buying an additional 632 shares in the last quarter. Quadrant Private Wealth Management LLC increased its stake in The Goldman Sachs Group by 13.4% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 2,961 shares of the investment management company’s stock worth $2,096,000 after acquiring an additional 349 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 10.5% in the 2nd quarter. KCM Investment Advisors LLC now owns 7,055 shares of the investment management company’s stock valued at $4,993,000 after acquiring an additional 668 shares in the last quarter. Finally, Marco Investment Management LLC boosted its position in shares of The Goldman Sachs Group by 1.6% during the 2nd quarter. Marco Investment Management LLC now owns 46,349 shares of the investment management company’s stock valued at $32,804,000 after acquiring an additional 750 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Daiwa Capital Markets increased their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. BNP Paribas Exane lifted their price objective 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. Citigroup upped their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Wells Fargo & Company increased their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $786.03 on Friday. The company has a market capitalization of $235.75 billion, a P/E ratio of 15.97, a PEG ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The stock has a 50 day moving average price of $778.04 and a two-hundred day moving average price of $700.04.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same period last year, the firm earned $8.40 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

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.