Public Sector Pension Investment Board Has $84.06 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Public Sector Pension Investment Board raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 42.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,775 shares of the investment management company’s stock after acquiring an additional 35,332 shares during the quarter. Public Sector Pension Investment Board’s holdings in The Goldman Sachs Group were worth $84,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Evergreen Capital Management LLC increased its holdings in shares of The Goldman Sachs Group by 10.3% in the second quarter. Evergreen Capital Management LLC now owns 1,845 shares of the investment management company’s stock valued at $1,306,000 after purchasing an additional 172 shares in the last quarter. Duquesne Family Office LLC bought a new position in The Goldman Sachs Group in the 2nd quarter valued at $29,726,000. MUFG Securities EMEA plc acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $642,000. U S Wealth Group LLC. raised its position in shares of The Goldman Sachs Group by 6.3% during the second quarter. U S Wealth Group LLC. now owns 4,999 shares of the investment management company’s stock worth $3,538,000 after acquiring an additional 298 shares during the last quarter. Finally, Resources Management Corp CT ADV lifted its stake in shares of The Goldman Sachs Group by 10.7% during the second quarter. Resources Management Corp CT ADV now owns 757 shares of the investment management company’s stock valued at $536,000 after acquiring an additional 73 shares during the period. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on GS. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. UBS Group raised their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Dbs Bank lifted their price target on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Royal Bank Of Canada boosted their price target on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $787.06.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $887.90 on Friday. The firm’s 50 day simple moving average is $800.00 and its 200 day simple moving average is $744.12. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $919.10. The company has a market capitalization of $266.31 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm 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 15.29%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.40 earnings per share. As a group, sell-side analysts forecast 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. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s payout ratio is currently 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.