1832 Asset Management L.P. Boosts Stock Holdings in The Goldman Sachs Group, Inc. $GS

1832 Asset Management L.P. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4,156.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,891 shares of the investment management company’s stock after purchasing an additional 214,725 shares during the period. 1832 Asset Management L.P. owned about 0.07% of The Goldman Sachs Group worth $155,628,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its holdings 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 buying an additional 29,053,586 shares in the last quarter. Norges Bank purchased a new position in The Goldman Sachs Group in the second quarter valued at about $2,138,031,000. Nuveen LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $897,185,000. Ninety One UK Ltd purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $408,780,000. Finally, AGF Management Ltd. grew its holdings in shares of 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 worth $343,524,000 after acquiring an additional 466,187 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.5%

GS opened at $815.08 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $841.28. The firm has a 50 day moving average price of $787.80 and a 200 day moving average price of $730.09. 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 company has a market cap of $244.47 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 net margin of 13.18% and a return on equity of 15.29%. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the previous year, the firm earned $8.40 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. BNP Paribas Exane upped their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a report on Friday, October 17th. Dbs Bank raised their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Citigroup lifted their price objective on 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. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.