American Century Companies Inc. Increases Stock Position in The Goldman Sachs Group, Inc. $GS

American Century Companies Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,998 shares of the investment management company’s stock after purchasing an additional 12,636 shares during the quarter. American Century Companies Inc. owned about 0.06% of The Goldman Sachs Group worth $119,609,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Winthrop Advisory Group LLC boosted its stake in shares of The Goldman Sachs Group by 3.4% during the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after buying an additional 14 shares during the period. Avion Wealth increased its position in The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 14 shares during the period. KPP Advisory Services LLC raised its stake in The Goldman Sachs Group by 2.1% during the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after acquiring an additional 14 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its position in The Goldman Sachs Group by 0.7% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock worth $1,586,000 after acquiring an additional 15 shares during the period. Finally, WealthBridge Capital Management LLC lifted its position in The Goldman Sachs Group by 3.1% during the 2nd quarter. WealthBridge Capital Management LLC now owns 495 shares of the investment management company’s stock worth $350,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 2.2%

Shares of GS opened at $790.75 on Tuesday. 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 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $237.17 billion, a P/E ratio of 16.06, a PEG ratio of 1.43 and a beta of 1.41. The firm’s 50-day moving average is $786.08 and its two-hundred day moving average is $721.09.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The company had revenue of $15.18 billion during 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 14.79%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $8.40 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GS shares. Barclays boosted their target price on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Finally, BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.