Baird Financial Group Inc. Has $78.41 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Baird Financial Group Inc. cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,783 shares of the investment management company’s stock after selling 2,079 shares during the period. Baird Financial Group Inc.’s holdings in The Goldman Sachs Group were worth $78,407,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC boosted its holdings in shares of The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after acquiring an additional 14 shares in the last quarter. Avion Wealth raised 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 purchasing an additional 14 shares during the last quarter. KPP Advisory Services LLC raised its position in The Goldman Sachs Group by 2.1% in the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 14 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its stake in The Goldman Sachs Group by 0.7% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock worth $1,586,000 after purchasing an additional 15 shares in the last quarter. Finally, WealthBridge Capital Management LLC grew its holdings in shares of The Goldman Sachs Group by 3.1% during the second quarter. WealthBridge Capital Management LLC now owns 495 shares of the investment management company’s stock worth $350,000 after purchasing an additional 15 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 0.0%

Shares of The Goldman Sachs Group stock opened at $836.97 on Friday. The business has a fifty day simple moving average of $789.51 and a 200 day simple moving average of $731.57. The stock has a market cap of $251.03 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $843.99.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Daiwa Capital Markets raised their price objective on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. HSBC boosted their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Finally, Evercore ISI raised their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $786.00.

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.